Ola Electric Shares Plunge 50% in a Year, Store Reduction Strategy Sparks Debate

• Ola Electric shares fell 2.5% to Rs 27.51, marking a 50% decline in a year.
• Company plans to reduce its stores to 550 by March amid a 61% drop in sales and declining market share.
• Q3FY26 deliveries plummeted to 32,680 units, and market share dropped from 6.3% to 4.2%.
• Competitors like TVS, Bajaj, and Ather are gaining ground, while Ola faces service issues and CCPA complaints.
• Store reduction could be a cost-cutting measure, but short-term pressure on share price is expected due to perceived demand slowdown.