Ola Electric Share Price Falls 41% From September Highs Amid Sales Cut

Ola Electric Mobility’s shares have come under renewed pressure, falling sharply from the September peak. After hitting a 52-week high of ₹71.25 per share in early September, the stock has slid to ₹42 as of 11 November 2025, marking a 41% decline from the highs and a 50% year-to-date drop.

The stock’s fall reflects broader challenges in the electric two-wheeler segment, with rising competition and trimmed sales targets shaping investor sentiment.

Market Performance: Key Numbers

Ola Electric’s recent trading highlights a sharp downtrend:

• Current Share Price: ₹42, lowest since mid-August
• Loss from September High: 41%
• YTD Decline: 50%

The stock has struggled to sustain gains following the September rally, with selling pressure keeping the shares on a bearish trajectory.

Q2 Performance: Net Loss Narrows, Revenue Guidance Cut

Despite the stock decline, the company reported an improved Q2 performance:

• Net Loss: ₹418 crore, down from ₹495 crore YoY
• Second-Half Sales Target: ~100,000 vehicles
• Full-Year Sales Estimate: ~221,000 units, down over 40% from the previous projection of 325,000–375,000 units
• Full-Year Revenue Guidance: ₹3,000–3,200 crore, reduced from earlier ₹4,200–4,700 crore.

Sales in the second quarter almost halved to 52,666 units compared to the same period last year. The company cited rising competition in the electric two-wheeler market as the key factor behind the downward revision.

Strategic Shift: Focus on Profitability and Energy Business

While vehicle sales have slowed, Ola Electric is shifting focus to profitability over volumes.

• The company maintains margin guidance for its automotive business.
• Expansion into energy storage includes the launch of its residential Battery Energy Storage System, Ola Shakti.
• Growth in energy storage is expected to offset the slowdown in vehicle sales.

This strategic pivot signals a broader attempt to balance revenue and operational efficiency amid intense market competition.

Summary

Ola Electric’s shares reflect the challenges of a competitive EV market:

• Shares down 41% from September highs, trading at ₹42
• Q2 net loss narrowed to ₹418 crore.
• Full-year sales and revenue guidance trimmed due to weak demand
• Strategic pivot towards profitability and energy storage business underway

The company’s performance highlights a volatile market environment, where even improved quarterly results have not prevented pressure on the stock price.