Ola’s market share will remain at 16.1% in 2025.
Indian electric vehicle (EV) company Ola Electric is going through difficult times. The stock has fallen by nearly 40% in just the last three months, wiping out about Rs 9,000 crore of the company’s market value. Ola’s stock has risen only 3 days in the last 14 trading sessions and is now very close to its all-time low of ₹30.79.
The stock is under pressure due to continuous resignations in the company. In an exchange filing this week, Ola Electric said that the company’s CFO Harish Abichandani has stepped down from the post with effect from January 19, 2026. He gave personal reasons behind this. This is important because this is the second resignation in two months. In December, the company’s business head, sales, Vishal Chaturvedi had also resigned due to personal reasons.
decline in market share
On the operational front too, Ola Electric has suffered a setback in the last one year. According to Vahan data, the company’s market share will be 16.1% in 2025, which was 36.7% last year. During this period, companies like TVS, Bajaj, Ather and Hero made gains. However, last month was different. According to VAHAN data, Ola registered 9,020 units in December. Due to this, the market share increased from 7.2% in November to 9.3%. In the second half of the month the stock reached almost 12%. This shows that customer demand has improved. The company said that in December it has again come among the top-3 EV companies in about a dozen states, which include big markets like Tamil Nadu, UP, Bihar, Jharkhand, Punjab and Haryana.
SoftBank also reduced stake
Recently Masayoshi Son’s SoftBank Group has reduced its stake in Ola Electric from 15.68% to 13.53%. This information was given in the stock exchange filing earlier this month. SoftBank sold 9.46 crore shares in the open market between September 3, 2025 and January 5, 2026. He is the second largest shareholder of the company after founder Bhavish Aggarwal. Last year too, SoftBank had done the same, when it reduced its stake from 17.83% to 15.68% by selling about 9.49 crore shares. Apart from SoftBank, other big foreign investors have also reduced their stake. In this, Tiger Global and Alpha Wave Ventures, whose stake was 3.24% and 2.83% in June, now their stake is less than 1%.