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  5. Ola Electric Mobility shares tank over 5% to hit 52-week low; here’s all you need to know

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Ola Electric Mobility shares tank over 5% to hit 52-week low; here’s all you need to know

Upstox
By Upstox News Desk

2 min read | Updated on December 03, 2025, 15:16 IST

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SUMMARY

Ola Electric shares have lost over 7% over the past five days. It has declined 23% in the last six months. On a year-to-date basis, shares of Ola Electric have fallen 56%

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OLAELEC
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The company's latest push is aimed at reversing that trend by pairing immediate operational fixes with longer-term structural changes.

The company's latest push is aimed at reversing that trend by pairing immediate operational fixes with longer-term structural changes.

Ola Electric Mobility shares tumbled 5% to touch a 52-week low of ₹38.03 on Wednesday, December 3, amid reports that the firm has initiated a major service reboot, deploying a 250-member rapid-response team across the country to address its after-sales backlogs and stabilise customer support.
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Citing people with knowledge on the matter, news agency Press Trust of India (PTI) reported that the team comprises technicians and operational specialists led by the core leadership team to clear pending repairs and improve spare-part availability for the company's fast-growing electric scooter base.
"The company's Hyperservice initiative is aimed at fundamentally transforming how electric two-wheelers are serviced in India. The company has nearly cleared service backlogs in Bangalore under this initiative and will replicate this framework in other cities across the country," said a source involved in this service effort to PTI.

The newly mobilised taskforce has been coordinating closely with service centres, backed by real-time communication channels, to address all kinds of delays ranging from battery replacements to routine repairs, they said.

As per Ola Electric founder Bhavish Aggarwal's social media posts, he has also been involved in these efforts on the ground.

Ola's service network has been under heightened pressure since scooter deliveries surged in 2023, leading to longer wait times and inconsistent spare-part supply.

The company's latest push is aimed at reversing that trend by pairing immediate operational fixes with longer-term structural changes.

A key part of this shift is the recently launched PAN-India in-app service appointment and genuine parts store on the Ola app and website, allowing customers to directly purchase frequently required components, bypassing traditional bottlenecks at service centres.

According to highly placed sources at PTI, internal targets have been set to dramatically reduce wait times as the company works to rebuild confidence and strengthen its position in India's competitive EV market.

Ola Electric share price

Ola Electric shares have lost over 7% over the past five days. It has declined 23% in the last six months. On a year-to-date basis, shares of Ola Electric have fallen 56%.

The company has a total market capitalisation of ₹16,774.39 crore, according to data on the NSE.

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