Ola Electric Sales Plummet 47% in February 2026, Hit 4-Year Low

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Ola Electric's Sales Plummet to 4-Year Low; Shares Crash 86% from Peak

Ola Electric

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News18•05-03-2026, 12:19

Ola Electric's Sales Plummet to 4-Year Low; Shares Crash 86% from Peak

•Ola Electric's sales plunged to a four-year low of 3,968 units in February 2026, a 47% drop from January.
•Once a market leader, Ola's share shrunk to 3.7%, falling out of the top-5; Greaves Electric Mobility surpassed it.
•Company shares hit a record low of ₹21.21, down 86% from its peak, with market cap at ₹10,500 crore.
•Ola is undergoing a 'structural reset', reducing retail stores from 700 to 550 and cutting costs by up to 50%.
•Analysts cite service issues and competition; founder Bhavish Aggarwal expects a strong comeback despite challenges.

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