India’s electric vehicle (EV) market has been on a steady climb, and Ola Electric is once again in the spotlight. After months of decline, the company’s share price is beginning to show early signs of recovery, sparking curiosity across Dalal Street.
Market Performance
The broader auto sector is experiencing a seasonal uptick with the onset of the festival season, which typically fuels demand. EV registrations have also shown encouraging growth:
- July 2025 EV registrations: 1,88,804
- June 2025 EV registrations: 1,81,573
This month-on-month increase highlights the sector’s resilience, even amid broader market volatility.
Ola Electric: From Highs to All-Time Lows
When Ola Electric listed in 2024, expectations were sky-high. However, the journey since then has been far from smooth.
- Listing price (Aug 2024): ₹157
- Decline: 74% drop
- Bottomed out: July 2025, hitting an all-time low
Such a sharp fall pushed the stock into the laggard’s corner. But the recent shift in sentiment hints at a possible turnaround.
Uno Minda: A Different Growth Story
While Ola Electric has been fighting to regain ground, Uno Minda has taken a very different path.
- March 2024 – September 2024: 107% return (₹604 → ₹1,255)
- Recent rally: 65% gain in just four months
- Trading levels: Above its all-time high
This performance underscores how select players in the auto and EV-linked sector have managed to maintain strong momentum despite market uncertainties.
Stock Market Today: EVs in Focus
India’s EV landscape is clearly gaining traction. Ola Electric may have slipped deep into correction territory, but it’s now being closely tracked for signs of revival. On the other hand, Uno Minda’s strong returns show that investors are rewarding companies with steady fundamentals and sector positioning.
The broader theme remains intact—EV demand is expanding, registrations are rising, and the auto sector is benefiting from festival-season tailwinds.
Summary
- Ola Electric share price crashed 74% since its 2024 debut but has started showing signs of recovery.
- Uno Minda has been a standout performer, delivering over 100% returns in just six months.
- EV registrations in India rose from 1.81 lakh in June 2025 to 1.88 lakh in July 2025, reflecting steady demand.
- With the festive season underway, momentum in the auto and EV space is likely to stay in focus.
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