Investors are hitting the brakes on Ola Electric. Shares of the EV giant dropped toward a 52-week low on Wednesday, December 17, 2025, after founder Bhavish Aggarwal sold a significant portion of his personal stake.
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The stock touched an intraday low of ₹33.80, hovering dangerously close to its one-year low of ₹33.17. The thing is, this latest slide follows a brutal month where the stock has shed nearly 20% of its value.
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The “Loan Repayment” Strategy
According to exchange filings, Aggarwal offloaded roughly 2.6 crore shares (about 0.6% of the company) at an average price of ₹34.99 per share. Here’s the kicker: the sale wasn’t about losing faith in EVs—it was about debt.
Clearing the Books: The transaction raised approximately ₹92 crore, which, combined with other personal income, will be used to fully repay a ₹260 crore promoter-level loan.
Releasing the Overhang: By clearing this loan, the company says all previously pledged shares (about 3.93% of the company) will be released. In the world of finance, “pledged shares” are often seen as a red flag, so removing this “overhang” is technically a positive governance move.
Still in Control: Even after the sale, the promoter group still holds a massive 34% stake, keeping Aggarwal firmly in the driver’s seat.
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A Rough Patch for Ola
Let’s be real, the stock isn’t just falling because of a stake sale. The company is facing a “perfect storm” of operational headaches:
Market Share Slump: In November, Ola Electric slipped to 4th place in India’s electric two-wheeler market, with its market share shrinking to just 7.2%.
Sales Crash: Vehicle registrations plummeted 50% month-on-month in November.
Widening Losses: For Q2 FY26, the company reported a revenue drop of 43% year-on-year, while losses widened to ₹418 crore.
While the company is trying to pivot with its new “Hyperdelivery” (same-day delivery) and the “Bharat Cell” battery tech, investors clearly aren’t sold yet. It’s an ongoing struggle to regain the “EV King” title it held just a year ago, or nothing.
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