Overview

• Shares slid 6% on June 23 to close at ₹43.20 on the BSE, marking a fresh record low for the Bhavish Aggarwal-led company.
• The stock has declined 1.9% over the past week as losses in market share continue to erode investor confidence.
• Ola Electric’s market capitalization fell to about $2.3 billion following heavy trading volumes of over 1.9 million shares.
• April data showed a 30% month-over-month drop in the overall electric two-wheeler market in India despite a 16% rise in registrations.
• In May the company raised ₹1,700 crore through non-convertible debentures to strengthen its balance sheet amid intensifying competition.