Ola Electric Shares Fall Despite Crosses 1 Million Production Milestone

Bengaluru, September 16, 2025: Ola Electric Mobility Limited share price closed in the red today. At the end of today’s market session, the shares closed 1.95%, or 1.18 points lower at ₹59.33. The shares made an intraday high of ₹61.00 and a low of ₹58.60. The shares saw a traded volume of 2.78 crore shares, with the company’s market cap decreasing to ₹26,690 crore.

Ola Electric Mobility Limited is a prominent Indian electric vehicle manufacturer that was established on 3rd February 2017. The company is headquartered in Bengaluru, Karnataka, India. The shares of the company are listed on NSE with the ticker symbol OLAELEC and on BSE with the code 544225.

Shares Fall Despite Crossing 1 Million Production Milestone

The shares of the company fell today despite the company announcing that it has rolled out one-millionth vehicle from the Futurefactory in Krishnagiri, Tamil Nadu. With this, Ola Electric has become India’s first pure-play EV company to hit the 1 million production mark.

To celebrate the achievement, Ola Electric unveiled a special edition Roadster X+, witha special midnight blue colour, sporty red accents across the dual-tone seat, rims, and battery pack.

A Celebration For Every Indian

“This milestone is the celebration of every Indian who trusted us and believed in our mission. In four years, we have gone from an idea to becoming India’s EV two-wheeler leader,” a company spokesperson said. “Our mission is clear: #EndICEAge and make India the global EV hub”.

REF: https://nsearchives.nseindia.com/corporate/OLAELECTRIC_16092025121157_Intimation_Press_Release_OEM.pdf

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