Ola Electric Share Price in Focus as Company Denies ‘Misleading’ Report on Battery Technology

Ola Electric’s share price came under pressure on Monday, slipping 3.3% to ₹45.25 on the BSE, even as the company strongly refuted allegations made in a South Korean media report regarding its battery technology.

Company Rebuttal: “Report Misleading and Baseless”

The South Korean publication claimed that an ex-LG Energy Solution executive had attempted to share pouch cell technology intellectual property with Ola Electric.

In response, the company dismissed the report as “misleading and baseless,” stating that it has “no research or commercial interest in the dated technology.”

Ola further asserted that “client loss is forcing the foreign rival to attack its indigenous battery tech.”

According to the company, its in-house 4680 Bharat Cell uses advanced dry electrode technology in a cylindrical form factor, representing a more advanced iteration of energy storage than the pouch cell technology mentioned in the report.

4680 Bharat Cell Enters Commercial Production

Ola Electric highlighted that the report surfaced just as its 4680 Bharat Cell entered commercial production. The company recently began commercial deliveries and is expanding manufacturing capacity to support upcoming launches, including its Ola Shakti residential energy storage system.

Additionally, Ola’s battery packs recently received certification from the Automotive Research Association of India (ARAI) under the latest AIS-156 Amendment 4 standards, marking a key milestone for the firm’s domestic battery manufacturing ambitions.

Earnings Snapshot and Stock Performance

Last week, Ola Electric reported a narrower net loss of ₹418 crore for Q2 FY26, compared with ₹495 crore a year ago, aided by cost optimization. However, operating revenue declined 43% YoY to ₹690 crore from ₹1,213 crore, primarily due to weaker electric two-wheeler sales.

On Friday, shares closed 1.7% lower at ₹46.79 on the BSE. Year-to-date, the stock has lost around 46% of its value amid ongoing market volatility and competitive pressures in the EV segment.

Read More:Warranty Cost of EV Companies: How Much of Ola Electric & Ather’s Revenue Goes to Warranties.

Conclusion

Despite recent share price weakness and media scrutiny, Ola Electric remains focused on scaling its inhouse battery manufacturing and diversifying its clean energy offerings. 

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