OLA Electric chased complete market dominance stretched itself thin and is course correcting. Ather treaded with caution and is a strong number three. But the battle is far from over.
Ola Electric shares fell 9% to Rs 41.68 from the day's high of Rs 45.84 in the current session. The stock declined 5% from the previous close of Rs 43.92.
According to VAHAN data, Ola Electric registered 9,020 vehicles in December. Its market share increased to 9.3 per cent during the month, up from 7.2 per cent in November 2025, aided by Hyperservice, the company’s focused service transformation initiative.
The pure-play electric vehicle company reported vehicle registrations of 9,020 units in December, according to VAHAN data.
The certification was granted by the International Centre for Automotive Technology (iCAT), Manesar, a government testing agency. With this approval, the company will now begin deliveries of the Roadster X+ (9.1 kWh).
In the previous trading session on Wednesday, the stock displayed positive momentum, closing 1.75% higher at Rs 35.37 on the BSE, up from its previous close of Rs 34.76.
On Tuesday, the Ola Electric stock gained as much as 4 per cent to touch a day’s high of Rs 36.10 on the BSE. With this level, the counter has surged over 15 per cent in the last three sessions.
Shares of Ola Electric Mobility were seen at Rs 34.40 on Friday, rising 10 per cent over its previous close with a total market capitalization hitting Rs 15,000 crore mark.
Shares of Ola Electric continue to face intense pressure as promoter Bhavish Aggarwal offloads more stake for the second straight session. Nearly 4.19 crore shares, or 0.95%, were sold for ₹142 crore, taking the total stake sale to around 1.5% worth ₹234 crore. Promoter holding has now slipped to 36.78%. The stock has sunk to a fresh all-time low of ₹31.8, more than halving from its IPO price. Market experts say the sell-off reflects investor discomfort over Ola’s shrinking market share, rising competition, and lack of visible profitability. The Street is sending a clear message—growth alone isn’t enough; sustainable profits matter most, even for new-age businesses.
Ola Electric Mobility closed at Rs 31.11, hitting a new record low after dropping 5.5% during the session. The stock has fallen almost 70% from its 52-week high (Rs 99.90).
Ola Electric shares: Shares of Ola Electric Mobility hit new record lows on Thursday as the stock tumbled another 5.5 per cent during the session to hit Rs 31.11 on Monday.
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