Today, on 23rd April 2025, Ola Electric Share experienced a 4% decline in its share prices. The plummet followed the Maharashtra government’s orders to regional transport centres to shut down Ola outlets as they suspected Ola was operating without valid trade certificates. Reports say that Ola may shut down 121 outlets and 450 stores in reaction to the order.
Ola Electric Share Price in Today’s Market
Today, Ola Electric’s shares opened to the market at Rs. 53.46, a modest rise from last session’s close of Rs.53.08. At 12:45 p.m., Ola Electric’s share price was Rs. 571.34, nearly 3.28% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 22,658 cores; the UC Limit is 63.69, and the LC Limit is 42.46.
Company Financials
Ola Electric made Rs 1,069 crore in sales during Q3 FY25 and held a 25.5% share of India’s electric two-wheeler market. But things weren’t all rosy; losses shot up to Rs 564 crore compared to last year, and revenue took a 19.4% hit because of stiff competition. The company’s got a plan, though: it wants to break even on its automotive side by Q1 FY26 by slashing costs, like saving Rs 90 crore a month through rejigging its network. Profit margins got better, hitting 20.8% in Q3 FY25, and January 2025 numbers look even stronger. On the product front, Ola’s been busy, rolling out its Gen 3 scooters and jumping into motorcycles with the Roadster series.
Recent News About Ola Electric
- Out of the 25,000 scooters Ola Electric sold in February 2025, only 8,600 were registered. Ola attributed this backlog to cancelling agreements with two vendors in charge of vehicle registrations.
- Ola Electric has received a warning from the Indian government for failing to meet a deadline for establishing a 20 GW battery manufacturing plant as part of the Production-Linked Incentive (PLI) program.
- The company’s long-term growth potential and eligibility for government incentives may be impacted by this delay.
- In March, Ola Electric announced layoffs of more than 1,000 workers in different departments as part of a reorganisation initiative to increase profitability.
Ola Electric Share Price Target
The latest reports say that Ola Electric’s share price target is expected to be between Rs. 240-320.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne and MoneyControl recommend holding the shares. On MoneyControl, 29% of experts say they buy, 29% suggest holding, and 14% support selling. Before investing in Ola Electric, consider its long-term performance and consult your analyst to make the perfect move. Indiahood does not recommend selling or buying of any shares.
