What is the future of Ola Electric? This is the question now troubling lakhs of investors. With the rapid growth in electric vehicle sales in India over the past few years, shares of Ola Electric, which operates in this sector, had also shown strong momentum for a long time. At one point, the company’s shares reached their lifetime high of ₹157. The company had issued shares to investors at ₹76 during its IPO. The enthusiasm seen at the time of the IPO gradually declined. At the same time, the company faced large-scale service issues, and subsequently, established giants already present in the two-wheeler segment also entered the EV two-wheeler market, leading to the beginning of Ola’s troubles. As a result, the company, which was once number one in the EV two-wheeler market, has now seen its market share fall drastically to just 6 percent.
At one time, it was around 35 percent. Since Ola Electric recently announced its third-quarter results for the current financial year, the company’s shares have been hitting a new low almost every day. At the same time, leading brokerage firms have also reduced the target price of the company’s shares to ₹20, further increasing the pressure on this counter. On Tuesday, February 17, Ola Electric shares fell to a 52-week low of ₹27.36. Many investors purchased shares of this company believing that there are huge opportunities for growth in India’s EV market. Now, all of them appear to have suffered heavy losses. Even when calculated based on the IPO price, it must be said that those who invested have incurred significant losses. Based on the recently announced results and the company’s sales performance, experts estimate that it may take considerable time for Ola Electric to recover.
Unless some miracle happens, it is said that it will be difficult for the company’s shares to even reach the IPO price anytime soon. Ola Electric recently also entered the Battery Energy Storage System (BESS) segment. It is known that under the name Ola Shakti, the company has announced the launch of several products catering to various needs. It is being said that it will take a long time for the company to stabilize while withstanding competition from established giants in the electric two-wheeler market. Kotak Securities has estimated that during the financial years 2026–2028, the company may face heavy losses and there is a possibility that its net worth could be wiped out.