Nifty Midcap 100 and Nifty Smallcap 100 underperformed the frontline indices, falling by up to 3 percent.
Ola Electric also announced that Harish Abichandani has resigned as the CFO with effect from January 19.
CEO Suhas Rajkumar tells Moneycontrol the Bengaluru-based electric two-wheeler maker plans to raise fresh capital, expand retail presence and manufacturing capacity as it targets public listing next year
Ola Electric said its energy business is also expected to scale, with deliveries of its battery energy storage systems likely to begin in the coming months.
Bajaj Auto holds second spot, Ather strengthens position with family scooter push, while competition intensifies across legacy and EV-first players
Ola Electric share price: The stock is for far down nearly 58% in 2025 so far, as against rival Ather Energy's 138% rise since listing on May 6.
Ola Electric share price: The shares of the EV bike-maker rose to Rs 36.10 apiece, extending gains for the third consecutive session.
The electric two-wheeler manufacturer's chief executive officer Bhavish Aggarwal sold another 4.2 million shares worth Rs 142 crore on December 17
In a statement, Ola Electric said the transaction was a one-time, limited monetisation by the founder at a personal level to fully repay a promoter-level loan of Rs 260 crore.
According to the latest registration data from Vahan, TVS sold 27,382 units, commanding a 26% market share, the highest among all manufacturers for the month
Investors are balking at joining the company’s new Rs 1,500 crore fundraising plan given the EV maker’s deteriorating sales and financial health
A snapshot of how the two electric scooter makers stacked up this quarter across key financial and business metrics.
Ather’s net loss for the quarter stood at Rs 154 crore, narrowing from a loss of Rs 197 crore in the same quarter last year.
The company said the reports appear 'motivated,' coinciding with its entry into the battery manufacturing market that directly competes with global majors
Ola Electric lowered the revenue forecast to Rs 3,000 crore-Rs 3,200 crore from Rs 4,200 crore-Rs 4,700 crore projected last quarter
Bajaj sold 29,597 EV two-wheelers in October, followed by TVS Motor and Ather Energy, while festive offers and new launches boosted overall market demand.
The electric two-wheeler maker did not disclose the reasons for raising the funds.
Ola said the Karnataka High Court has granted protective orders in favour of the company and its officials
Ola Shakti can power appliances such as air conditioners, refrigerators, and pumps, offering up to 1.5 hours of backup at full load
Ola Electric share price: The EV scooter-maker is set to launch its first non-vehicle product called 'Ola Shakti' tomorrow.
Bengaluru-based startup aims to scale production with diversified portfolio to challenge established players
The Ola S1 scooters and the Ola Roadster X motorcycles can be had at a starting at Rs 49,999 for nine days.
To mark the milestone, the company has rolled out a special edition RoadsterX+ in a midnight blue, with sporty red accents across dual tone seat, rims and the battery pack.
Ola Electric share price: The shares of the Bhavish Aggarwal-led company gained nearly 4% earlier during the day to hit an intraday high of Rs 61.02 apiece. They later pared some gains to close at Rs 60.79 apiece.