OLA - Technical and Fundamental update
OLA - Technical and Fundamental update
1) Ola Electric shares hit an intraday low of Rs 63.71 apiece on Thursday. The stock later recovered some losses and was trading at around Rs 64.5apiece at close.
2) Ola Electric, which has been grappling with cooling demand and intensifying competition, overtook Bajaj Auto to reclaim the number two position, according to data from the government's VAHAN registration portal as on August 31, 2025. The Bengaluru-based startup sold 18,972 units in August, though its sales were down 31 percent from a year earlier.
3) In an exchange filing released on August 26, the company said, "Ola Electric, India’s largest pure-play EV company, today announced that it has received Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for automobile and auto components sector, for its Gen 3 scooter portfolio. This certification was granted by the Automotive Research Association of India (ARAI) under the aegis of the Ministry of Heavy Industries, Government of India to all of the seven Ola S1 Gen 3 scooters." - major Competitors are