Today, on March 21st 2025, the two-wheeler automotive company Ola Electric Share Price experienced a hike of 4% since the opening bell. Despite the troubled waters Ola Electrics is undergoing, the trades are going well.
On March 20th, The Heavy Industries Ministry contacted the ARAI (Automotive Research Association of India) regarding the misalignment in the number of sales Ola Electric reported for February and the vehicle registration numbers on the Vahan portal. The government requested ARAI to organize a probe.
ARAI probe on OLA Electrics amid Consumer Allegations
Ola Electric reported sales of over 25,000 vehicles, but the registration count stopped at 8,652 in February. However, in March, the number increased to 11,781. The government officials emphasized the role of ARAI and the significance of ARAI-certified companies adhering to the guidelines prescribed. The ARAI agreed to present a report on the imminent probe within 15 days.
The action of the ARAI probe is amid consumer allegations on Ola Electrics. The CCPA also ordered probes as complaints about service deficiencies and the two-wheelers increased.
Ola Electric was also reported for solvency by its vehicle registration service provider, Rosmerta Digital Services. It approached the National Company Law Tribunal, Bengaluru, citing delays in repaying what was owed. Ola Electric stated that the ongoing negotiations with Rosmerta have impacted their Vaahan registration procedures. The company assured us it would update the missing data early in April.
For the morning session, Ola Electric began trading at Rs. 51.71, the same as the previous close, and is currently up by 4%.
Ola Electric Share Price in Today’s Market
At 9:45 a.m., the two-wheeler company’s share price was 54.08, nearly 4.4% higher than the opening and the previous close rates. According to the reports and estimates on Money Control, the current market capitalization shows 23,862 cores; the UC Limit is 62.05, and the LC Limit is 41.36.
Company Financials
The EV manufacturing company reported the Q3 FY 2024-25 financial statements on February 7th. In this quarter, the company gained Rs. 1,045 crore in revenues from operations. This revenue total marks a 19.36% decrease compared to Rs. 1,296 crore in the third quarter of the previous year. Ola Electric’s net losses also increased to Rs. 564 crore, and the company recorded losses of Rs. 376 crore in the third quarter of the previous year. VAHAN data revealed that Ola Electric occupied a 25.5% market share of two-wheeler sales, making them one of the leading companies in the two-wheeler vehicles sector.
Recent News About Ola Electric
- In February 2025, The company launched the Roadster X series to announce its entry into the electric motorcycle segment.
- CEO of Ola Electric, Bhavish Aggarwal, called 2025 the “year of products” for Ola Electric, as the company plans to launch new products across ranges such as motorcycles, three-wheelers, and next-generation scooters.
Ola Electric Share Price Target
Analysts on TradingView predicted the following: OLAELEC’s share price target is 73.86 INR, with a max estimate of 87.00 INR and a minimum estimate of 61.00 INR.
Should You Buy, Sell, Or Hold?
Most analysts recommend holding on to the shares. Before investing in Ola Electric, consider its long-term performance and consult your analyst to make the perfect move. According to moneycontrol 29% of analyst suggest buying and 29% suggest holding. Also 14% suggest Selling Ola Electric Shares.
