• Ola Electric CEO Bhavish Aggarwal sells over 4 crore shares, raising Rs 234 crore as part of personal fund restructuring to repay a promoter-level loan of Rs 260 crore.
• Company emphasizes sale is personal and won’t affect operations, but shares hit an all-time low of Rs 32.80, bringing market capitalization to Rs 14,467 crore ($1.6B).
• Ola Electric faces operational challenges, with a 50% drop in monthly EV sales, decline to fourth in market share, 46% revenue fall, and rising losses in FY26 Q2, drawing investor scrutiny.

Ola Electric CEO and founder Bhavish Aggarwal has sold more than four crore shares of the company, which is the biggest move yet in the promoter’s personal fund restructuring exercise. The shares were sold as part of the company's overall public fund restructuring exercise. A total of 4,19,03,706 shares were sold at Rs 33.96 apiece.

With this latest sale of shares by Aggarwal, the total amount of shares sold now stands at Rs 234 crore, including the remaining Rs 92 crore of shares sold only the previous day. Notably, this is the second consecutive day that the promoter sold shares of the company.

Ola Electric has clarified that "This is a one-time restricted monetization of a small percentage of the personal holdings of the founder to completely repay a promoter-level loan of Rs 260 crores". The company stated that this move would allow the release of the previously pledged shares of 3.93%, reiterating the fact that the current transaction is taking place at the personal level of the promoter and would not impact Ola Electric in any respect. This move by the company is intended to assure the investors about the company's operations amidst the entire development occurring in the marketplace.

Despite this, the company’s shares came under considerable pressure and reached an all-time low during the trading session. In fact, its closing price stood at Rs 32.80 per share. This pegged the market capitalisation of Ola Electric at Rs 14,467 crores or approximately 1.6 billion USD. Such a drop in share price indicates the concerns of investors about the performance of the company and the effect of promoter share selling on markets.

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The recent sales figures come as a backdrop of a challenging time for Ola Electric in terms of market performance. In November, Ola Electric saw a drop to the fourth position in the electric two-wheeler category, with the market share sliding to 7.19%. This is evidenced by the drop in the monthly sales by 50%, which stood at 8,254 units, down from 16,013 registrations in the preceding month. This shows the level of competitivity in the EV market.

The financial performance of the second quarter of the running fiscal year, FY26, reflects such operational difficulties. Ola Electric recorded a decline of 46% in its revenue, which was Rs 660 crore, with a rise in losses to Rs 418 crore, which reveals that the company is still faced with cost and sales decline pressures. Although the promoter’s decision to sell a part of his shares is a step to meet his personal financial requirements and unlock pledged shares, analysts and investors are observing the performance of such companies, which report sales decline, rise in losses, and reaction of the market to the sale of shares.

Nevertheless, in light of the market share decline, negative financial performance, and decreasing stock price, it appears that there is a considerable layer of scrutiny to be observed in the immediate future prospects of Ola Electric, no matter what claims are made regarding the strategic directions that are not influenced by the transactions.