Ola Electric Crashes Another 5%, Down 58% Year To Date

Ola Electric’s shares were trading in the red for the fifth consecutive session, hitting a fresh all-time low on the BSE

The company’s market capitalisation stood at INR 15,931.92 Cr (about $1.7 Bn)

The stock has been under pressure due to the company’s eroding market share in the electric two-wheeler segment, after-sales service concerns, and continuing losses

Shares of EV major Ola Electric extended their downward trend and were locked in at the 5% lower circuit at INR 36.12 on the BSE today.

The stock was…