Ola Electric is facing a tough time in mid-2025, as recent sales data revealed a worrying 45% year-on-year decline for June. The dip coincides with rising customer complaints about technical issues in its new flagship electric motorcycle, the Roadster X Plus.
According to FADA data, Ola Electric sold 20,190 electric two-wheelers in June 2025, a 45.22% decline compared to 36,859 units in June 2024. The significant drop is being linked to growing concerns over the newly launched Roadster X series, particularly the Plus variant. A viral video surfaced this month showing a customer failing to charge the Roadster X Plus despite repeated attempts and customer support calls.
The charging-related issue has drawn attention, with the motorcycle's TFT screen displaying a 'Not Charging' alert even when connected to a power outlet. The affected customer expressed disappointment after receiving no effective service resolution. Product credibility has been affected at a time when Ola had begun long-awaited deliveries of its electric motorcycles that were announced in February 2025.
Read More: EV Sales Soar 28.6% in June, Driven by PV and CV Growth: FADA!
Despite the year-on-year drop, Ola Electric’s month-on-month figures saw a 9.13% rise from 18,501 units in May 2025 to 20,190 units in June. Additionally, VAHAN data reveals 60,000 vehicle registrations in the first quarter of FY2026, backed by estimates suggesting a 25% revenue increase this quarter as the firm focuses on strengthening service and infrastructure support for its electric lineup.
The Roadster X, priced from ₹1 lakh (ex-showroom), and its higher-end variant Roadster X Plus at ₹1.30 lakh, mark the company's bold entry into the performance e-motorcycle segment. However, technical glitches at an early stage may hurt stakeholder sentiment and brand confidence in a competitive EV marketplace.
On July 10, 2025, Ola Electric share price opened at ₹40.51 on NSE, above the previous close of ₹40.38. During the day, it surged to ₹40.63 and dipped to ₹40.06. The stock is trading at ₹40.22 as of 10:53 AM. The stock is trading lower by 0.40%.
Over the past week, it has declined by 3.62%, over the past month, it has declined by 14.90%, and over the past 3 months, it has declined by 19.88%.
Ola Electric’s steep sales dip in June 2025 reflects customer pushback amid technical failures of the Roadster X Plus. While monthly and quarterly trends offer some stability, addressing quality and service concerns remains crucial as the company moves forward in India's competitive EV sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 10, 2025, 1:52 PM IST
Team Angel One
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