Ola Electric, under the leadership of Bhavish Aggarwal, sold 20,189 units of electric scooters in June 2025, a sharp 45% dip from 36,859 units it sold in the corresponding month a year ago, as per figures made public by the government's VAHAN portal on Tuesday.
The drastic dip has considerably dented the firm's market share, which fell sharply from 46% in June 2024 to 19% in June this year.
The performance of the company on the stock market reflects its woes in the EV segment. Almost one year after going public, Ola Electric's stock price has been declining. On Tuesday afternoon, stocks were quoted at ₹42 on the National Stock Exchange (NSE), down ₹1.16 or 2.69%.
Earlier during the day, the stock had touched a new 52-week low of ₹41.82, a long way from its 52-week high of ₹157.4. The stock has lost 21.74% of its value in the last month alone. The stock has declined by 43% since its listing debut at ₹76 per share.
The bigger picture looks even darker. The share price of Ola Electric has fallen 51.25% in the last six months, and on year-on-year basis, it has fallen by 53.9%.
Investor sentiment was hit yet again in early June after an enormous block deal where 14.22 crore shares worth ₹731 crore changed hands. According to reports, Hyundai Motor Company sold the shares at an average price of ₹51.40 per share.
Financially, Ola Electric's fourth-quarter FY25 numbers have also increased worries. The company incurred a net loss of ₹870 crore — over two times the ₹416 crore loss in the corresponding quarter last fiscal year.
Revenue from operations also took a hit, down 62% year-on-year at ₹611 crore. This has been largely due to an abrupt fall in vehicle deliveries, down to 51,375 units during Q4 FY25, compared to 1.15 lakh units in the same period last year.
These simultaneous blows — falling sales, dwindling market share, plummeting shares, and rising losses — have left Ola Electric under significant pressure as it tries to traverse a rapidly changing EV environment and more risk-averse investor sentiment.
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