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Ola Electric shares sink to all-time low after 47% drop in monthly sales

EntrackrEntrackr · 11d ago
Ola Electric shares sink to all-time low after 47% drop in monthly sales
Medial

Ola Electric shares sink to all-time low after 47% drop in monthly sales Shares of Ola Electric Mobility hit an all-time low on Monday, sliding to Rs 23.82 on March 2, as the Bhavish Aggarwal-led electric two-wheeler maker slipped out of the top five players in the Indian EV scooter market amid a sharp fall in monthly sales. According to Vahan data, Ola Electric’s sales plunged over 47% month-on-month in February to 3,968 units, dragging its market share down to 3.55%. The sharp decline pushed the company out of the top five electric two-wheeler manufacturers for the month. The electric two-wheeler market also witnessed a slowdown in February, with total registrations falling more than 9% to 1,11,680 units, largely due to the shorter month. TVS Motor Company continued to lead the segment, clocking registrations of 31,600 units and maintaining a 28.3% market share during the month. Ola’s competitor, Ather Energy retained its third position with 20,581 registrations and 18.43% market share in February. On the financial front, Ola Electric's revenue from operations reduced to 470 crore in Q3 FY26, compared to Rs 1,045 crore in the previous year of the same quarter. Ola Electric cut its losses by 14% to Rs 487 crore in the same period. Ola Electric’s shares are currently trading at Rs 23.92. The company’s market capitalization stood at Rs 10,528 crore ($1.1 billion).

With 3.5% market share, Ola Electric slips out of top 5 EV 2W makers in Feb

EntrackrEntrackr · 12d ago
With 3.5% market share, Ola Electric slips out of top 5 EV 2W makers in Feb
Medial

Bhavish Aggarwal-led Ola Electric slipped out of the top five electric two-wheeler makers in February after its sales fell 47% month-on-month and its market share dropped below 4%. TVS Motor continues to hold the top spot. According to Vahan data, the overall electric two-wheeler market fell over 9% in February due to the shorter month, with total registrations at 1,11,680 units. Despite a 9% decline in sales, TVS Motor Company retained a 28.3% market share, with registrations of 31,600 units during the month. Bajaj Auto recorded sales of 25,323 units in February, compared to 25,717 units in November, while its market share rose to 22.67%. Ather Energy retained its third position during the period, although registrations declined 7% month-on-month to 20,581 units from 22,130 in January. The company held an 18.43% market share. Hero MotoCorp also maintained its fourth spot, despite a 6.26% month-on-month decline in sales. The company registered 12,512 units and held an 11.2% market share. Ola Electric sales continued to plunge in February, with volumes down over 47% month-on-month to 3,968 units. As a result, the company slipped out of the top five and its market share fell to 3.55%. Once a dominant player with more than 35% market share in 2024, Ola Electric has seen a sharp erosion in its position. Ola Electric’s sharp fall opened space for Greaves Electric Mobility to enter the top five electric two-wheeler sellers. Despite an 11.55% month-on-month decline in sales, Greaves Electric held a 4.23% market share during the month. BGauss, and River Mobility, e-Sprinto retained their positions at seventh, eighth, and ninth, respectively. However, their sales declined in February by 2.8%, 13.8%, and 42.15% month-on-month. Simple Energy entered the top 10 electric two-wheeler companies, replacing Pure EV. The company’s registrations rose over 45% during the month.

TVS retains top spot in August 2W EV sales; Ola Electric overtakes Bajaj, Ather rises to third

EntrackrEntrackr · 6m ago
TVS retains top spot in August 2W EV sales; Ola Electric overtakes Bajaj, Ather rises to third
Medial

TVS retains top spot in August 2W EV sales; Ola Electric overtakes Bajaj, Ather rises to third TVS Motor retained its leadership in the electric two-wheeler (E2W) segment in August, securing a 23.09% market share, as overall industry volumes grew 1.4% month-on-month to 1,04,306 registered units. According to Vahan data, TVS registered 24,087 units in August, an 8.38% month-on-month increase over July. Ola Electric jumped to the second position, overtaking Bajaj, with an 18.19% market share after registering 18,972 units in August, up 6.3% from last month. Following this development, its share price surged over 11% today to around Rs 60.2 with a market cap of Rs 26,464.98 crore ($3 billion). Ather Energy moved up to the third position with a 17.12% market share, narrowing the gap with Ola Electric by registering 17,856 units in August, a 10% rise from last month. On a year-on-year basis, it recorded over 60% growth in registrations. Ather, which became the second EV startup after Ola Electric to list on the Indian stock exchange, is currently trading at Rs 475, up over 5% today, with a market capitalization of Rs 17,654.59 crore ($2 billion). Hero MotoCorp climbed one spot to fourth position with a 12.76% market share, registering 13,313 units in August, a strong 26.92% month-on-month growth over July, showing momentum in demand for its electric two-wheelers. Bajaj Auto slipped to fifth position in August from second, posting a sharp 40.3% month-on-month drop with 11,730 units. Its market share fell to 11.25% from 19.10% in July. Greaves Electric Mobility and IPO-bound Pure EV held their sixth and seventh positions in the market, posting month-on-month growth of 7.17% and 5.39%, respectively. BGauss, River Mobility, and Kinetic Green also reported solid month-on-month growth of 7.97%, 9.23%, and 23.51%, respectively.

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