Ola Electric Share Price Falls 5% After Two-Day Rally; Volumes Hit Record High

Market Performance

Ola Electric share price witnessed a sharp decline of 5% on August 21, 2025, after gaining momentum in the last two sessions. The stock had surged nearly 29% in just two trading days, with a 20% jump on Wednesday following Tuesday’s 9% rise.

The recent rally pushed Ola Electric shares to their highest level in almost three months, marking gains in four out of the last five sessions.

Trading Activity

On August 20, 2025, Ola Electric recorded its highest-ever trading volumes:

• Total volumes: 111 crore shares
• Delivery volumes: 19 crore shares
• Delivery ratio: 17% (lowest in the last four months)

This spike in volumes highlights heightened market participation, though the low delivery ratio indicates strong speculative trading activity.

Company Details

VAHAN Registration Data (August 2025)

According to VAHAN portal data:

• Ola Electric registrations: 9,522
• Ather Energy registrations: 10,248

If this trend continues, Ather Energy may surpass Ola Electric’s market share, reflecting stiff competition in the EV two-wheeler segment.

Ola Q1 FY26 Earnings

Ola Electric’s Q1 performance reflected mixed signals:

• Revenue: Improved compared to the previous quarter
• Net Losses: Narrowed sequentially
• Gross Margin: 26%
  • Up by 1,100 bps QoQ
  • Up by 740 bps YoY
• EBITDA Guidance: Auto business expected to turn EBITDA positive in Q2 FY26
• Full-Year Outlook: Company projects auto EBITDA above 5% and revenue growth in the -7% to +4% range

Summary

The recent fall in Ola Electric share price comes after a strong rally that boosted the stock to its three-month high. Record trading volumes and VAHAN data suggest rising competition from Ather Energy. While Q1 earnings show improvement in margins and reduced losses, the pressure on revenue growth and market share remains a concern.