Can Ola Electric Stop The Drop?

Ola Electric stock price has fallen by over 30% since January 1, 2025, and a drop in sales momentum does not help matters

At an event before the Ola Electric IPO in August last year, the company’s founder and CEO Bhavish Aggarwal banked on one central theme to take the EV maker to profitability –  high sales volumes that will drive higher revenue and lower costs at scale.

So far, neither of these has come to fruition. The EV maker’s numbers for the December quarter make for bleak reading with losses growing…