Ola Electric Mobility Ltd. has experienced significant market activity and corporate developments, as revealed by recent stock movements and company announcements.

Stock Performance and Investor Interest

The electric vehicle manufacturer's stock has shown remarkable volatility over a three-day period:

• Wednesday: Surged by 18.70%
• Following day: Declined by 8.30%
• Subsequent day: Declined by 3.30%

Despite this rollercoaster ride, investor interest appears to be growing, as evidenced by an increase in the average delivery percentage from 18.25% to 25.45%.

The company's market capitalization fluctuated between Rs 20,814.00 crore and Rs 23,470.00 crore during this period, reflecting the intense market activity. However, analysts note that long-term technical indicators remain weak, suggesting that meaningful investor conviction may only emerge if the stock crosses its 52-week high.

Product and Financial Developments

Ola Electric has made strides in both product development and financial performance:

• Launched a new bike model, expanding its product line
• Transitioned to EBITDA positive territory
• Developed in-house battery manufacturing plans

The new battery system boasts:

• 15-year life span
• Ability to charge 80% in 15 minutes
• Reduced reliance on rare earth metals

Recent earnings reports have shown reduced losses compared to previous quarters following the company's listing, potentially contributing to renewed investor interest.

Corporate Governance and Future Outlook

In its recent Annual General Meeting (AGM) held on August 22, 2025, Ola Electric Mobility Ltd. addressed several important corporate matters:

• Appointed M/s. BMP & Co. LLP as Secretarial Auditors for a five-year term
• Re-appointed Mr. Krishnamurthy Venugopala Tenneti as a Non-Executive Director
• Approved a special resolution regarding:
  • Variation in the utilization of Initial Public Offering (IPO) proceeds
  • Extension of the time limit for IPO proceeds use

As Ola Electric continues to navigate the competitive electric vehicle market, these corporate decisions and financial improvements may play crucial roles in shaping investor perceptions and the company's future trajectory.

Ola Electric Mobility , a prominent player in India's electric vehicle (EV) market, experienced a significant setback as its shares tumbled 7.2% to Rs 49.48. The decline comes in the wake of recent VAHAN registration data, which revealed that Ola Electric's sales have fallen behind its competitor, Ather Energy.

Sales Slip Behind Competitor

According to the latest VAHAN registration data, Ola Electric recorded 9,522 vehicle registrations as of August 20, while Ather Energy surged ahead with 10,248 registrations. This shift in sales figures suggests that Ola Electric's market share may have slipped below that of its rival, marking a notable change in the competitive landscape of India's EV industry.

Market Volatility and Recent Performance

The sharp decline in Ola Electric's share price follows a recent two-day rally that had pushed the stock up by 29%, reaching a near three-month high. However, this positive momentum was short-lived as investors reacted to the latest sales data.

Potential GST Policy Impact

Adding to the company's challenges, the Indian government is considering a reduction in GST rates for small cars from 28% to 18% by Diwali. Analysts warn that this potential policy change could have adverse effects on EV adoption by narrowing the price gap between electric vehicles and traditional internal combustion engine vehicles.

Financial Performance

Ola Electric's recent quarterly results paint a mixed picture:

Despite the increased net loss and halved revenues compared to the previous year, the company has managed to improve its gross margins to 26.00%. Management expects the auto business to turn EBITDA positive in the second quarter.

Stock Performance

The recent 7% drop contributes to a broader downtrend for Ola Electric's stock:

• Year-to-date: Down 42.00%
• Past year: Down 64.00%

Helios Mutual Fund Adds Ola to Portfolio

Despite the recent market challenges, Helios Mutual Fund CEO Dinshaw Irani announced the addition of Ola Electric to their portfolio, citing potential in the EV two-wheeler space. Irani highlighted Ola Electric's improved profitability and management's focus on Generation III bikes with indigenous batteries.

The fund believes the worst is over for Ola Electric, pointing to margin improvements from the March quarter to June quarter. Irani noted that while Ola Electric previously lost market share and rolled losses, recent quarterly results showed the company addressing profitability concerns, with most Generation I bikes warranties completed and 60.00% of Generation II bikes cycle finished.

Helios maintains a bullish stance on domestic consumption stories and expects GST rate rationalization to fuel positive market momentum. The fund has also added another two-wheeler player to their portfolio alongside existing holdings in Ather and Bajaj Auto.

As Ola Electric navigates these challenges and opportunities, investors and industry observers will be closely watching how the company responds to the changing competitive landscape and potential regulatory shifts in the Indian EV market.