Ola Electric reports 34% sales drop in August, market share falls to 31% as TVS and Bajaj gain.

Ola Electric reported its lowest monthly sales this year, with 27,506 units sold in August, a 34% drop from July. Its market share in India's electric two-wheeler sector fell to 31%, with competitors TVS and Bajaj Auto gaining ground. The company's stock has declined over 27% from its peak, raising investor concerns. Market analysts advise caution for high-risk investors, predicting potential further corrections in the stock value.

September 01, 2024
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