Only one out of three Ola Electric scooters sold in February was officially registered. The discrepancy is due to ongoing contract renegotiations with Rosmerta Digital Services Private Limited and Shimnit India Private Limited. The shares of the company were trading at a 52-week low at Rs 55.68, down by Rs 1.13 or 1.99 per cent, on Friday. As stock continues to slide, the market capitalisation has now shrunk to Rs 24,630 crore from Rs 66,000 crore after its initial surge post-listing. However, the company founded by billionaire Bhavish Aggarwal, continues to claim market leadership in India’s electric two-wheeler segment. The company is also preparing for the launch of its new model, Roadster X, with deliveries expected to begin next month. The e2W electric firm posted a 50 per cent spike in its consolidated net loss, which widened to Rs 564 crore in Q3 FY25 from Rs 376 crore inQ3 FY24.
