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Ola Electric Mobility shares will be in focus on Monday as the company's sales saw a sharp decline in November, dropping over 33% from 41,756 units in October to 27,746 units. This performance resulted in Ola capturing a 25.09% market share, leading the segment but with a narrowing margin over rivals TVS and Bajaj Auto.
TVS recorded 26,036 registrations (23.55% share), and Bajaj Auto achieved 24,978 registrations (22.59% share).
The overall electric vehicle (EV) market witnessed an 18% decline in registrations in November compared to October, reflecting a post-festival slump. While Ola’s dip was pronounced, TVS and Bajaj demonstrated greater stability with smaller declines of 13.4% and 12%, respectively.
This trend suggests intensifying competition in the EV space. Year-to-date, Ola remains the market leader with 392,176 vehicles sold, accounting for a 37% share. TVS follows at 19.
5% with 201,966 units, while Bajaj Auto holds a 16.6% share with 173,721 vehicles sold. Ather Energy also holds a noteworthy 11% share, selling over 1 lakh units.
However, Ola’s market share has been fluctuating throughout CY2024, peaking at 49.8% in May before dropping to 28.6% in September and rebounding to 31% in October due to festive discounts.
Despite these numbers, November's steep decline highlights growing competition from rivals like TVS and Bajaj, potentially tightening the race for market leadership in 2025. Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Derivative Analytics Made Easy By - Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Commodity Markets Made Easy: Commodity Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Point & Figure Chart Mastery: A Comprehensive Trading Guide By - Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor View Program Also R ead: Outflow continues in secondary mkt, IPO rush keeps FPIs busy in Nov In Q2 FY25, Ola Electric reported a narrowing of its net loss year-on-year (YoY) to Rs 495 crore, compared with Rs 524 crore in the last year quarter.
Revenue from operations, meanwhile, rose 39% YoY to Rs 1,214 crore in the reporting September quarter. On a sequential basis, the loss widened from Rs 347 crore reported in the preceding June quarter. On a sequential basis, the loss widened from Rs 347 crore reported in the preceding June quarter.
EBITDA losses for the quarter stood at Rs 223 crore, which is higher compared with Rs 321 crore loss reported in the last year period. However, on a quarter-on-quarter basis, operating losses widened from Rs 65 crore posted in Q1FY25. EBITDA margins during the second quarter were reported at-28.
4%, as compared to -46% in the year-ago quarter. On Friday, Ola shares closed at Rs 87.4, down 5.
9% on the BSE, while the benchmark Sensex surged 0.96%. Its shares have declined 27% in the past three months.
The company currently holds a market capitalization of Rs 38,559 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
