OLA ELECTRIC SHARES
Bajaj Chetak electric scooter catches fire, company launches probe
A Bajaj Chetak electric scooter caught fire in Ichalkaranji, Kolhapur district, on Monday night. No injuries were reported. Bajaj Auto has initiated an investigation into the incident, emphasizing customer safety as their top priority. A local dealer mentioned that the fire primarily affected the scooter's wiring due to its metal body.
Ola Electric auditor flags internal controls at subsidiary
Ola Electric Technologies, the operating subsidiary of Ola Electric Mobility, is seen as having the deficiency. The “material weakness” in internal controls was flagged by BSR & Co. LLP, the statutory auditor for both companies, in Ola Electric’s annual report for FY25.
Winners of ETSA 2025; and other top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories from this week. Let’s take a look at the recap.
Ola Electric auditor raises alarm; Urban Company's pre-IPO deal
Ola Electric's auditor draws attention to missing internal controls at a key subsidiary. This and more in today's ETtech Top 5.
Ola Electric shares decline 4% as SoftBank trims stake to 15.68% in 2 months
SoftBank reduced its stake in Ola Electric, joining other investors like Tiger Global and Hyundai in trimming holdings. Despite this, Ola Electric secured PLI scheme certification, potentially easing financial pressures. The company reported lower revenue and increased losses in Q1, attributed to heightened competition and weaker demand, with shares closing down 6.3%.
SoftBank pares stake in Ola Electric to 15.7%
Masayoshi Son-led SoftBank Group is the second-largest shareholder in the Bengaluru-based electric scooter maker after founder Bhavish Aggarwal. The price at which the shares were sold was not disclosed.
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Zomato, Swiggy's GST woes; Amazon's $200-million Axio deal
With the overhaul of India's GST regime, food delivery companies Zomato and Swiggy stare at a new tax burden. This and more in today's ETtech Top 5.
Ola Electric shares plunge 8% as Govt slashes GST on two-wheelers with up to 350 cc capacity
Ola Electric shares slumped nearly 8% to Rs 63.71 after the government slashed GST on two-wheelers up to 350cc to 18% from 28%. The move, aimed at boosting ICE vehicle sales, raised concerns over electric two-wheeler demand, sparking heavy trading volumes.
Japan's SoftBank sells 2.15% stake in Ola Electric, cuts holding to 15.68%
SoftBank Group has divested a 2.15% stake in Ola Electric over nearly two months, reducing its holding to 15.68%. Despite this sale, Ola Electric shares experienced a recent surge, fueled by government incentives and PLI scheme approval. However, a GST cut on traditional two-wheelers and SoftBank's stake sale led to a 7% drop in share price.
Japan's SoftBank trims stake in Ola Electric to 15.7%
SoftBank Group reduces its stake in Ola Electric. The shareholding now stands at 15.68%, down from 17.83%. This follows the sale of a 2.15% stake over two months. SoftBank, the second-largest shareholder, sold 94.9 million shares between July and September. Ola Electric went public in August 2024. Recent trading volumes have increased significantly.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed higher on Wednesday, led by banking and metal stocks, with Nifty at 24,715 and Sensex at 80,567. Investors await GST Council updates that could impact consumption-led sectors, while technical indicators show cautious near-term market momentum and potential support-resistance levels.
Ola Electric shares skyrocket 55% in a month, analysts see further rally till Rs 90
Ola Electric's shares are rebounding strongly. The stock has increased significantly in the past month. This is due to positive technical indicators and PLI scheme approval. The approval allows Ola to receive incentives until 2028. Analysts predict further gains, with potential targets of Rs 80-90. However, the company reported a net loss in the June quarter.
After a 55% surge in a month, are Ola Electric shares still a buy or is it time to take profits?
Ola Electric surged 55% in a month following PLI scheme inclusion and strong technical momentum. Analysts cite breakout patterns, higher volumes, and support zones driving upside, despite Q1 net losses. PLI incentives and cost-structure improvements bolster prospects, making the stock a key focus for medium-term gains.
Ola Electric shares rally 30% in 5 days. Should you buy, sell or hold?
The rally in Ola Electric shares comes after PLI certification for its Gen 3 scooters. Analysts highlight potential upside, but caution that stretched valuations and weak fundamentals persist, even as margins improve and technical charts signal a bullish breakout.
Ola Electric shares rally 14% this week. Analysts see Rs 70 on the horizon despite risks. Should you buy now?
Ola Electric’s shares surged 14% after securing Production Linked Incentive (PLI) certification for its Gen 3 scooters, boosting margins and profitability prospects. Despite this, market share has slipped amid stiff competition and supply issues. Analysts note healthy technical signals but caution on short-term pullbacks. Ola aims for growth with new models and targets EBITDA breakeven by Q2 FY26.
Ather’s Tarun Mehta seeks review of auto PLI scheme; says policy excludes key EV players
Mehta’s comments come days after rival Ola Electric received compliance certification under the PLI scheme for its Gen 3 scooter portfolio, making it eligible for incentives of 13% to 18% of the determined sales value of these scooters until 2028.
After plumbing lows, Ola gets a full charge on D-Street; stock jumps 31% in August
Ola Electric shares surged nearly 31% in August, marking their best monthly performance since listing, fueled by optimism surrounding government production-linked incentives and renewed institutional investor interest. The company's PLI certification for its Gen-3 scooters is expected to boost profitability, reviving investor confidence.
Reliance's AI push; CG Power chairman Vellayan Subbiah interview
Artificial intelligence took centre stage at Reliance Industries’ 48th AGM, with partnerships and product launches. This and more in today's ETtech Top 5.
Ola rallies 10% this week on PLI certification, even as market share dips
Ola Electric's shares experienced a nearly 10% surge this week, fueled by the PLI certification for its Gen 3 scooters, potentially boosting profitability. Despite this positive news, the company faces challenges, including intense market share competition, concerns over potential GST reforms favouring ICE vehicles and regulatory crackdown.
Ola Electric shares rally 9% in 2 days after PLI nod sparks investor optimism
Ola Electric's share price has seen a sharp rally after the company received PLI certification for its Gen 3 scooter range. The approval is expected to bolster margins and profitability, though competition from Ather and TVS and ongoing financial pressures continue to weigh on sentiment.
TVS tops electric 2W sales, Ather races past Ola Electric as Bajaj slips amid rare earth supply crunch
Legacy player Hero MotoCorp landed in the fourth position, Bajaj slipped to the fifth spot in August electric two-wheeler rankings, as rare earth magnet supply issues impacted operations in August.
Rare earth magnet supply issues impact August e-scooter rankings: TVS on top, Ather switches gear to race past Ola Electric
Rare earth magnet shortages have shaken up the electric two-wheeler market, impacting production and sales. TVS Motor remains the leader, but Ather Energy has surpassed Ola Electric in monthly sales. Bajaj Auto experienced a drop due to supply constraints, while Ola Electric faces challenges despite securing PLI scheme compliance, including sales data scrutiny and vehicle quality concerns.
Ola Electric secures PLI certification for Gen 3 range of scooters
Per Ola Electric, the certification will help it move towards profitability from Q2FY26, as the incentives will strengthen its cost structure and margins. The Bengaluru-based firm’s market share has fallen amid growing competition in the electric two-wheeler market, where rivals such as TVS Motor and Ather Energy have increased their sales.
Ola Electric shares rally 7% on PLI nod for Gen 3 scooter portfolio
Ola Electric shares surged following PLI certification for its Gen 3 scooter portfolio, covering seven models that form the bulk of sales. The certification makes the company eligible for incentives up to 18%, boosting margins, profitability, and prospects for sustainable growth from FY26.
Ola Electric bags PLI Certification for its Gen 3 scooter portfolio
Ola Electric has secured PLI certification for its Gen 3 scooter portfolio, a move expected to significantly boost profitability from Q2 FY26. The certification, granted by ARAI, covers all seven Ola S1 Gen 3 scooter models. This achievement makes Ola Electric eligible for incentives up to 18% of determined sales value until 2028, strengthening their cost structure and margins.
Ola Electric shares rally 5% on policy talks to speed EV adoption
Shares of Ola Electric rose up to 4.7% on reports that Niti Aayog has called a high-level meeting with top two-wheeler makers to push electric motorcycles. While EV scooters already command nearly 15% of their segment, motorcycles—two-thirds of India’s two-wheeler market—have just 0.1% penetration, posing a key challenge to the government’s broader electrification goals.
Ola Electric shares skid 7% after 2-day rally as VAHAN data cools sentiment
Ola's share price tumbled after VAHAN data showed the EV maker lagging rival Ather Energy in August sales, with 9,522 registrations versus Ather’s 10,248 as of August 20. If the momentum continues, Ola’s market share could fall below that of its competitor.
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