Overview

• Ola Electric saw South Korean automakers sell a combined 3.09% stake through open market transactions worth about Rs 690 crore between June 3–4, with Hyundai offloading 2.47% for Rs 552 crore and Kia trimming 0.62% for Rs 138 crore.
• Citigroup Global Markets Mauritius emerged as a key buyer, acquiring roughly 1.95% of Ola Electric for approximately Rs 435 crore at an average price of Rs 50.55 per share.
• The shares tumbled as much as 8.12% to close at Rs 49.33, trading at a nearly 6% discount to Monday’s closing price and down over 34% since the August 2024 listing.
• Ola Electric’s FY25 performance revealed a consolidated net loss of Rs 2,276 crore—up from Rs 1,584 crore a year prior—and Q4 net loss widened to Rs 870 crore on a 59.5% year-on-year revenue slump to Rs 611 crore.
• Market share has plunged from 49.2% in May 2024 to 20% in May 2025 as the company pushes for cost reductions and gross-margin gains to target profitability in FY26.