Ola Electric shares decline 7% after a two-day rally; here is why

Market investors also got jittery after VAHAN data was released, which showed Ola Electric had recorded 9,522 registrations as compared to 10,248 for Arther Energy as of August 20.

Ola Electric shares of the company gained 30.5% in two sessions as investors were confident in the positive outlook. Founder Bhavish Aggarwal had shared plans for upcoming launches and growth strategy in the following quarters.

Ola Electric Head of Research and Development Rajesh Mekkat said the 4680 Bharat cell comes with over 15 years of battery life, 5x the capacity of the competition and provides 80% charging within 15 minutes.

Ola Electric is also targeting a 25–30% share of India’s two-wheeler EV market, supported by vertical integration and new product launches, the CEO said in the interview.

On sourcing raw material for electrode rolls, he said China is one main source, but increasingly, Japan and Korea are also becoming key sources.

Aggarwal further said that Ola’s motorbike has had very strong reception across the country. “We are scaling it up in a phased way, not one large bang across the country. So, we launched in 200 stores and are now scaling it across the country by Navratri. We are announcing a couple of new products in the scooter, as well as a moonshot bike.”

Ola has commenced development of ferrite motor technology in the Tamil Nadu plant that would replace the use of rare earth magnets, used in the development of its products.

Last week, the company also launched a new scooter, the Ola Pro Sport scooter equipped with the Bharat Cell. Along with it, Ola had also launched the Ferrite Motor technology, an alternative to rare earth magnets, used in the development of electric vehicles.

At the time of writing the piece, Ola Electric shares were trading at ₹49.67 apiece on the National Stock Exchange, declining 6.65%.

Over the last five trading days, shares of the firm soared over 21%.

However, since November 21, 2025, which is six months, shares of the company have lost over 19%.

Shares of the firm had touched their one-year high of ₹157.40 apiece on August 20, 2024, while their 52-week low of ₹39.60 was hit on July 14, 2025.