Overview
- The stock fell to Rs 34.80 on Friday, marking a new all‑time low and dropping below the Rs 76 IPO price as year‑to‑date losses approached 59%.
- The company has mobilised a 250‑member rapid‑response team, expanded its Hyperservice model and launched in‑app parts and service booking, with backlogs reportedly near‑cleared in Bengaluru and a national rollout under way.
- Monthly registrations fell to 8,400 in November from 16,049 in October, with HSBC estimating market share at about 7.2% versus 24.5% a year earlier, pushing Ola to fifth place among electric two‑wheelers.
- Management is shifting focus to energy storage with the Ola Shakti residential system slated to start deliveries in January 2026 and plans to scale cell capacity to 5.9 GWh by March 2026 and 20 GWh by 2027, backed by shareholder approval to raise up to Rs 1,500 crore.
- In Q2 FY26 the auto segment turned EBITDA positive as consolidated revenue fell 43% year on year to Rs 690 crore and net loss narrowed to Rs 418 crore, while early investor Z47 disclosed a full exit from its stake.