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Business
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Jun 23, 2025
Ola Electric shares plunge following block deal
Ola Electric's stock dropped 6% to ₹43.20 on Monday—now 43% below its IPO price—after disappointing earnings and a big drop in scooter deliveries.
The company's Q4 loss more than doubled to ₹870 crore, and revenue fell 62% as deliveries halved compared to last year.
TL;DR
Investors are worried about the future of Ola Electric
If you're watching the EV space, Ola's struggles are hard to miss.
Even though total yearly sales nudged up to 3.59 lakh vehicles, profits took a hit as margins shrank and the stock has crashed nearly 50% this year.
Big investors like Hyundai have started selling their stakes, while ongoing customer service issues and regulatory scrutiny add extra pressure on Ola's future in the market.