• About
  • Advertise
  • Careers
  • Contact
  • Privacy Policy
  • Disclaimer
Sunday, June 1, 2025
No Result
View All Result
Northeast News - Northeast India news 24×7
  • Assam
  • Meghalaya
  • Tripura
  • Mizoram
  • Manipur
  • Nagaland
  • Arunachal Pradesh
  • Business
  • Entertainment
    Assam’s 9-year-old Binita Chetry shines as second runner-up on ‘Britain’s Got Talent’

    Assam’s 9-year-old Binita Chetry shines as second runner-up on ‘Britain’s Got Talent’

    ‘Housefull 5’ trailer out: Akshay Kumar–starrer comedy-thriller to release on this date

    ‘Housefull 5’ trailer out: Akshay Kumar–starrer comedy-thriller to release on this date

    Assam: Vihaan Upadhyay’s short film ‘Sandwich’ bags Best Film Award at Global Road Safety Festival

    Assam: Vihaan Upadhyay’s short film ‘Sandwich’ bags Best Film Award at Global Road Safety Festival

    Rapper Raja Kumari becomes first Indian-origin musician to win American Music Award

    Rapper Raja Kumari becomes first Indian-origin musician to win American Music Award

    Paresh Rawal responds to Akshay Kumar’s legal notice over ‘Hera Pheri 3’ exit

    Paresh Rawal responds to Akshay Kumar’s legal notice over ‘Hera Pheri 3’ exit

    Filmmaker Karan Johar makes podcast debut with ‘Live Your Best Life with Karan Johar’

    Filmmaker Karan Johar makes podcast debut with ‘Live Your Best Life with Karan Johar’

    UK China Film Colab secures distribution rights for Karbi film ‘Kangbo Aloti’ in UK, China

    UK China Film Colab secures distribution rights for Karbi film ‘Kangbo Aloti’ in UK, China

    Tamil actor Dhanush to play Dr APJ Abdul Kalam in Om Raut’s directorial ‘Kalam’

    Tamil actor Dhanush to play Dr APJ Abdul Kalam in Om Raut’s directorial ‘Kalam’

    Bollywood actor Randeep Hooda bags film rights to ‘Operation Khukri’, to star in war drama

    Bollywood actor Randeep Hooda bags film rights to ‘Operation Khukri’, to star in war drama

  • Opinion
  • Neighbours
  • Assam
  • Meghalaya
  • Tripura
  • Mizoram
  • Manipur
  • Nagaland
  • Arunachal Pradesh
  • Business
  • Entertainment
    Assam’s 9-year-old Binita Chetry shines as second runner-up on ‘Britain’s Got Talent’

    Assam’s 9-year-old Binita Chetry shines as second runner-up on ‘Britain’s Got Talent’

    ‘Housefull 5’ trailer out: Akshay Kumar–starrer comedy-thriller to release on this date

    ‘Housefull 5’ trailer out: Akshay Kumar–starrer comedy-thriller to release on this date

    Assam: Vihaan Upadhyay’s short film ‘Sandwich’ bags Best Film Award at Global Road Safety Festival

    Assam: Vihaan Upadhyay’s short film ‘Sandwich’ bags Best Film Award at Global Road Safety Festival

    Rapper Raja Kumari becomes first Indian-origin musician to win American Music Award

    Rapper Raja Kumari becomes first Indian-origin musician to win American Music Award

    Paresh Rawal responds to Akshay Kumar’s legal notice over ‘Hera Pheri 3’ exit

    Paresh Rawal responds to Akshay Kumar’s legal notice over ‘Hera Pheri 3’ exit

    Filmmaker Karan Johar makes podcast debut with ‘Live Your Best Life with Karan Johar’

    Filmmaker Karan Johar makes podcast debut with ‘Live Your Best Life with Karan Johar’

    UK China Film Colab secures distribution rights for Karbi film ‘Kangbo Aloti’ in UK, China

    UK China Film Colab secures distribution rights for Karbi film ‘Kangbo Aloti’ in UK, China

    Tamil actor Dhanush to play Dr APJ Abdul Kalam in Om Raut’s directorial ‘Kalam’

    Tamil actor Dhanush to play Dr APJ Abdul Kalam in Om Raut’s directorial ‘Kalam’

    Bollywood actor Randeep Hooda bags film rights to ‘Operation Khukri’, to star in war drama

    Bollywood actor Randeep Hooda bags film rights to ‘Operation Khukri’, to star in war drama

  • Opinion
  • Neighbours
No Result
View All Result
Northeast News - Northeast India news 24×7
No Result
View All Result
Home Business

Ola Electric’s market value shrinks by Rs 40,000 crore amid ongoing struggles

The company has seen its market capitalisation plummet by nearly Rs 40,000 crore from its peak valuation, which stood at Rs 66,000 crore shortly after its initial post-listing surge

Northeast NewsbyNortheast News
February 18, 2025
in Business
(OlaElectric/X)
Share on FacebookShare on Twitter

Mumbai: Ola Electric, led by Bhavish Aggarwal, is facing significant challenges as its stock continues to slide, resulting in a considerable loss for investors.

The company has seen its market capitalisation plummet by nearly Rs 40,000 crore from its peak valuation, which stood at Rs 66,000 crore shortly after its initial post-listing surge.

As of now, Ola Electric’s market cap has dipped to Rs 26,187.81 crore.

The company, which debuted on the Bombay Stock Exchange (BSE) at Rs 76 per share in August last year, has been under consistent selling pressure. On Tuesday, its stock hit an all-time low, falling over 3% to Rs 58.84 per share.

Several factors have contributed to this downturn, including mounting losses, declining revenue, ongoing service-related issues, and the broader market correction affecting Indian stocks.

In its latest earnings report, Ola Electric revealed a sharp 50% increase in its consolidated net loss for the third quarter of FY25.

The company’s loss widened to Rs 564 crore, up from Rs 376 crore during the same period last year.

Additionally, operating revenue fell by 19%, dropping from Rs 1,296 crore to Rs 1,045 crore year-on-year.

The company attributed the losses to “highly competitive intensity and service challenges” during the quarter.

Despite these setbacks, Ola Electric maintains that it has addressed its service issues and remains focused on expanding its presence in the electric two-wheeler market.

ALSO READ: Costa Rica to serve as repatriation hub for Indian migrants deported from US

However, the company’s market share in this sector has taken a hit, falling to below 20% in December 2024, down from 49% just six months earlier in June 2024.

Ola Electric had a brief boost in October, driven by strong festival sales, but it acknowledged that the overall quarter remained weak due to intense competition and service-related challenges.

Adding to the company’s woes, the Central Consumer Protection Authority (CCPA) issued a show-cause notice regarding allegations of misleading advertising and unfair trade practices, requesting further clarifications on the matter.

Despite these difficulties, Ola Electric has made efforts to expand its retail presence, opening more stores and claiming to have resolved many of the service-related issues that affected its performance in recent months.

Tags: investorsLossOla ElectricStocks
ADVERTISEMENT
Next Post
Shuttler PV Sindhu withdraws from BAMTC 2025 due to hamstring injury

Badminton World Federation Rankings: PV Sindhu slips to 15, Lakshya Sen remains in top 10

Assam launches Forest Soil Health Cards to enhance forest productivity, soil health

Assam launches Forest Soil Health Cards to enhance forest productivity, soil health

Assam: Union Minister Sarbananda Sonowal inaugurates Inland Waterways Terminal at Jogighopa

Assam: Union Minister Sarbananda Sonowal inaugurates Inland Waterways Terminal at Jogighopa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Northeast News is a digital only news platform covering Northeast India news 24×7. As Northeast India states – Assam, Meghalaya, Tripura, Mizoram, Manipur, Nagaland and Arunachal Pradesh hardly get any news coverage in the mainstream media, we are here to be ‘Vocal for Local’.

Category

  • Articles
  • Arunachal Pradesh
  • Assam
  • Business
  • Entertainment
  • Lifestyle
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Neighbours
  • Opinion
  • Politics
  • Science
  • Sports
  • Tech
  • Tripura
  • Uncategorized

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • About
  • Advertise
  • Careers
  • Contact
  • Privacy Policy
  • Disclaimer

© 2022 All Rights Reserved.

No Result
View All Result
  • Assam
  • Meghalaya
  • Tripura
  • Mizoram
  • Manipur
  • Nagaland
  • Arunachal Pradesh
  • Business
  • Entertainment
  • Opinion
  • Neighbours

© 2022 All Rights Reserved.