Ola Electric Shares Hit 52-Week Low After Vahan Portal Update

Ola Electric Mobility shares hit a 52-week low during morning trade on Wednesday, February 19, 2025. The stock opened lower at ₹59.34 on the BSE, compared to the previous close of ₹60.34. It further declined to an intraday low of ₹58.50, marking its lowest level in the past year.

Despite the drop, the stock rebounded later in the day, reaching an intraday high of ₹61.59, a recovery of over 5% from the day’s lowest point.

Reason for the Decline

The decline in Ola Electric’s share price followed an update on vehicle registrations from the VAHAN portal. The company announced that its February 2025 registration numbers might be temporarily affected due to ongoing negotiations to optimise the registration process.

Ola Electric’s Official Statement

Ola Electric issued a statement on February 19, explaining that it is renegotiating agreements with its registration partners—Rosmerta Digital Services Private Limited and Shimnit India Private Limited. The goal is to reduce costs and improve efficiency in the registration process. However, this process may impact sales registrations for February 2025.

Future Outlook

Despite the temporary dip in registrations, Ola Electric reassured investors that overall sales remain strong. The company expects the registration process to normalise in the coming weeks.

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