Ola Electric Share Price Falls Over 5% on July 6, 2026: Here's Why

Ola Electric Mobility share price declined during the trading session on July 6, 2026, following a report that two suppliers of the company's operating arm have approached the National Company Law Tribunal (NCLT) seeking insolvency proceedings over alleged unpaid dues.  

Earlier this month, the company had also announced its Q1 FY27 sales performance, reporting higher vehicle registrations on a quarter-on-quarter basis. 

Suppliers Reportedly Move NCLT Over Unpaid Dues 

As reported by LiveMint, two suppliers of Ola Electric Technologies Pvt. Ltd., the operating arm of Ola Electric Mobility Ltd., have approached the National Company Law Tribunal (NCLT) seeking the initiation of insolvency proceedings over alleged unpaid dues exceeding ₹40 crore. 

According to the report, citing filings with the Ministry of Corporate Affairs (MCA), dues of ₹29.8 crore owed to Sterling and ₹10.8 crore owed to Anevolve have remained outstanding for more than 45 days, prompting both companies to seek relief before the tribunal. 

The report further stated that the NCLT's Bengaluru Bench is hearing Sterling's petition on July 6, nearly a month after hearing Anevolve's plea. It also noted that this is the latest supplier-related dispute involving the electric vehicle manufacturer following a similar petition filed by one of its registration agencies in 2025. 

Read More: Ola Electric Share Price Rallies Nearly 4% After ₹780 Crore QIP Gets 56% Oversubscription 

Ola Electric Reported Higher Q1 FY27 Vehicle Registrations 

Earlier, on July 1, 2026, Ola Electric announced that it registered 43,719 vehicles during Q1 FY27, according to VAHAN data, nearly doubling from 22,252 vehicles in Q4 FY26. 

The company also registered 16,144 vehicles in June 2026, which it described as its strongest monthly performance in recent quarters, reflecting continued improvement in registrations during the quarter. 

Ola Electric Share Price Performance 

As of July 6, 2026, at 2:29 PM, Ola Electric Mobility share price was trading at ₹42.19 each on the NSE, down ₹2.29 or 5.15% for the day. The stock opened at ₹44.10, touched an intraday high of ₹44.31, and a low of ₹41.86. 

The company's market capitalisation stood at ₹19,462.46 crore. 

Conclusion 

Ola Electric Mobility share price remained under pressure on July 6, 2026, following reports that two suppliers had approached the NCLT over alleged unpaid dues. Separately, the company had earlier reported an increase in Q1 FY27 vehicle registrations, with June marking its highest monthly registrations in recent quarters. 

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