Ola Electric shares drop for 4th consecutive session as market share declines

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Shares of Ola Electric drop over 3% to ₹114, extending decline to fourth session

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Ola Electric’s market share falls to 31% from 49% in just 2 months

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Competitors TVS and Bajaj Auto capture 20% and 19% market shares respectively

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Ola sales decline from 18,600 to 12,600 units amid market shift

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EV segment penetration stays between 4-7% despite new affordable models

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Ola Electric’s net loss widens by 30% year-on-year to ₹347 crore

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Ola Electric’s consolidated revenue increased by 32% to ₹1,644 crore in Q1FY24

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Ola Electric shares are down 2.9% to ₹114.5; have fallen nearly 10% in the past week

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