Ola Electric news & stock notes

09 Oct 2026

Ola Electric warned investors that weak internal systems could make its reported sales and service metrics inaccurate.

It disclosed a pending SEBI show-cause notice of 10 April over its February 2025 claim of 25,000 sales, when about 5,341 vehicles were registered. It is seeking a settlement.

08 Oct 2026

Ola Electric set its rights issue of about Rs 1,000 crore at Rs 27 a share, two new shares for every 25 held, with a 13 October record date.

Rs 16.20 is due on application and Rs 10.80 on a call expected by October 2027. The company says about Rs 350 crore goes to debt and Rs 400 crore to growth.

04 Sep 2026

Ola Electric opened its first dealer-run stores across seven states, a month after opening its network to dealer partners.

The company is targeting more than 500 dealerships over the next two quarters. It is a shift away from the company-owned retail model.

29 Aug 2026

Ola Electric was sanctioned Rs 95.81 crore under the PLI-Auto scheme for the third consecutive year, down from Rs 366.78 crore a year earlier.

The Ministry of Heavy Industries cleared the FY27 demand incentive for disbursement through IFCI. Qualifying three years running confirms the localisation, but the payout is demand-linked, and at roughly a quarter of last year's figure the number says more about volumes than about eligibility.

28 Aug 2026

Ola Electric launched the S1Z scooter at Rs 79,999 with a claimed 301 km range, with deliveries starting in December.

This is a price-led entry model rather than a flagship, aimed at the commuter volume the company needs to fill its own plant.

17 Aug 2026

Ola Electric launched Shakti Rack at 257 kWh and Mahashakti at 6.26 MWh, taking it beyond scooters into grid-scale storage.

Shakti Gen2 deliveries begin November 2026 and the racks only from March 2027, so this revenue lands in FY28 and not the current year.

12 Aug 2026

The Ministry of Heavy Industries revised Ola Cell Technologies' ACC PLI timelines, securing a full five-year incentive window to CY2031 worth up to 7,240 crore rupees.

The reset effectively buys two extra years, with 2.5 GWh running and 3.5 GWh building, and turns disbursals quarterly from next quarter against a December 2026 milestone of 6 GWh.

07 Aug 2026

Ola Electric reported Q1 FY27 revenue from operations of 455 crore rupees against 828 crore a year earlier, a fall of 45 percent, with consolidated net loss narrowing 22 percent to 336 crore from 428 crore.

The company's own release led with a sequential comparison instead, noting revenue nearly doubled from 265 crore in the March quarter and that registrations grew 97 percent quarter on quarter against 17 percent for the electric two-wheeler market, lifting its share from 5.1 percent to 8.4 percent. Both framings are accurate and they point in opposite directions, which is the whole story. The business is recovering sharply from a collapsed March quarter but is still running at roughly half its year-ago scale, with 43,908 registrations in the quarter, down 25 percent on the year, and 39,192 units delivered. Total expenses fell to 620 crore from 1,065 crore, so the smaller loss is a cost outcome rather than a revenue one, and consolidated operating expenses were cut 22 percent sequentially to 333 crore. Gross margin at 30.5 percent is the one number that has held through the FY26 reset. The test from here is whether the sequential recovery continues far enough to clear the year-ago base, because cost cuts cannot repeat at this rate.

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