Overview
- Shares fell to Rs 34.80 on Friday, less than half the Rs 76 issue price, with the stock down about 58–59% year to date despite stronger broader indices.
- November registrations dropped to 8,400 units, down 71% year on year, pushing the company to fifth place as HSBC estimated market share fell to 7.2% from 24.5% a year earlier.
- Ola has mobilised a 250‑member rapid‑response team, expanded its Hyperservice program, and launched PAN‑India in‑app service bookings and a genuine parts store, with sources saying Bengaluru backlogs are nearly cleared.
- Management is refocusing on energy storage by rolling out the Ola Shakti residential BESS with deliveries set for January 2026 and has shareholder approval to raise up to INR 1,500 crore for cells, BESS, after‑sales and new products.
- For Q2 FY26, the company said its auto segment reached EBITDA profitability as net loss narrowed to INR 418 crore and operating revenue fell 43% to INR 690 crore, and it cut full‑year EV sales guidance.