Ola Electric: Ola Electric, a big company in the Indian electric vehicle sector, is going through a difficult phase at the moment. The company’s shares have fallen by about 40% in the last three months.
Updated On:
Jan 22, 2026 | 05:36 pm
Ola Electric (Source. Ola)
Ola Electric Share Price: Ola Electric, a big company in the Indian electric vehicle (EV) sector, is going through a difficult phase at the moment. In the last three months, the company’s shares have fallen by about 40%, wiping out the market value of about Rs 9,000 crore. The situation is such that Ola’s share has been able to rise only for 3 days in the last 14 trading sessions, whereas now it has reached very close to its all-time low of ₹ 30.79.
Investors’ fear increased due to continuous resignations
Continuous resignations within the company have also increased the pressure on the stock. In an exchange filing this week, Ola Electric informed that the company’s CFO Harish Abichandani has stepped down from the post with effect from January 19, 2026. He has given personal reasons behind this.
This resignation is also considered important because it is the second major resignation in two months. Earlier in December, the company’s Business Head Sales, Vishal Chaturvedi had also stepped down citing personal reasons. These incidents have further increased the concern of investors.
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Huge decline in market share, competition becomes tough
Ola Electric has also suffered a setback on the business front. According to Vahan data, the company’s market share will decline to 16.1% in the year 2025, whereas last year it was 36.7%. During this period, companies like TVS, Bajaj, Ather and Hero strengthened their hold.
However, the picture seemed to have changed a bit in the last month. According to VAHAN data, Ola registered 9,020 units in December, increasing the company’s market share to 9.3% from 7.2% in November. This figure rose to around 12% in the second half of the month, indicating an improvement in customer demand.
Ola again returns to top-3 in many states
The company claims that in December it has again joined the top-3 EV companies in about a dozen states. These include big markets like Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana. This indicates that the demand at the grassroots level has not completely ended yet.
Also read: New era of electric bike begins: MATTER gives AI ride to India
SoftBank and foreign investors reduced stake
Ola has also suffered a setback on the investors’ front. Masayoshi Son’s SoftBank Group has reduced its stake in Ola Electric from 15.68% to 13.53%. According to stock exchange filings, SoftBank sold 9.46 crore shares in the open market between September 3, 2025 and January 5, 2026.
Apart from SoftBank, foreign investors like Tiger Global and Alpha Wave Ventures have also reduced stake. Their share in June was 3.24% and 2.83%, now their share is less than 1%.