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Ola Electric Sales Slide 45% in June as Losses Mount and Shares Hit Lifetime Lows

Early Q1 registrations near 60,000 units prompt management to forecast sustained demand recovery in the second quarter

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Overview

  • Government’s VAHAN data shows Ola Electric sold 20,189 scooters in June, a 45% year-on-year drop that cut its market share to 19%.
  • The company posted a net loss of ₹870 crore in Q4 FY25 and saw revenue collapse 62% to ₹611 crore amid lower deliveries.
  • Ola Electric’s stock tumbled to a 52-week low near ₹42 on the NSE and hit an all-time trough of ₹40.70 on July 3.
  • Preliminary Q1 FY26 vehicle registrations reached nearly 60,000 units with a 9% month-on-month increase in June, indicating demand stabilization.
  • Management projects over 65,000 deliveries and ₹800–850 crore in revenue for Q1 FY26, setting the stage for a sustained Q2 rebound.