Ola Electric recently said it has commenced deliveries of its Ola Shakti 9.1kWh residential Battery Energy Storage System (BESS), which uses 4680 Bharat Cells.
The layoffs come as the EV maker has seen a consistent decline in market share over the past three months with retail sales staying below the 10,000 units mark for the third consecutive month in January.
Ola Electric shares fell 8.92 per cent to settle Rs 32.59 on BSE. The stock hit a 52-week low of Rs 30.79 on December 18, 2025.
Ola Electric said its board has approved the appointment of Deepak Rastogi as the new CFO of the company.
Ola Electric chased complete market dominance stretched itself thin and is course correcting. Ather treaded with caution and is a strong number three. But the battle is far from over.
Ola Electric shares fell 9% to Rs 41.68 from the day's high of Rs 45.84 in the current session. The stock declined 5% from the previous close of Rs 43.92.
According to VAHAN data, Ola Electric registered 9,020 vehicles in December. Its market share increased to 9.3 per cent during the month, up from 7.2 per cent in November 2025, aided by Hyperservice, the company’s focused service transformation initiative.
The pure-play electric vehicle company reported vehicle registrations of 9,020 units in December, according to VAHAN data.
The certification was granted by the International Centre for Automotive Technology (iCAT), Manesar, a government testing agency. With this approval, the company will now begin deliveries of the Roadster X+ (9.1 kWh).
In the previous trading session on Wednesday, the stock displayed positive momentum, closing 1.75% higher at Rs 35.37 on the BSE, up from its previous close of Rs 34.76.
On Tuesday, the Ola Electric stock gained as much as 4 per cent to touch a day’s high of Rs 36.10 on the BSE. With this level, the counter has surged over 15 per cent in the last three sessions.
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