Ola Electric Share Price in Focus as it Clarifies Media Reports on Supplier Dispute and NCLT Proceedings

Ola Electric Mobility Limited has addressed recent media reports concerning a 5% drop in its share price. The decline follows disputes with suppliers Anevolve Mando E-Mobility Private Limited and Sterling E-Mobility Solutions Private Limited over unresolved warranty and performance issues, as per the exchange filings. 

Ola ELectric’s Supplier Disputes and Legal Proceedings 

Ola Electric raised concerns about parts supplied by Anevolve Mando E-Mobility and Sterling E-Mobility Solutions.  

Due to unresolved issues, Ola initiated arbitration proceedings and filed petitions under Section 9 of the Arbitration and Conciliation Act, 1996 in the Commercial Court, Bengaluru. In response, the suppliers filed petitions under Section 9 of the Insolvency and Bankruptcy Code, 2016. 

Company's Position and Compliance 

Ola Electric maintains that the disputes are genuine and pre-existing, pending arbitration. The company is contesting the petitions and is committed to compliance with SEBI regulations. Ola Electric assures that any material developments will be disclosed to the stock exchanges as required. 

Read More: Ola Electric Share Price Falls for 3rd Straight Session After Insolvency Pleas Against Subsidiary! 

Impact on Trading and Company Statement 

Ola Electric stated it is unaware of any undisclosed information that could explain the share price movement. The company has disclosed all material events as per SEBI regulations. Ola Electric asserts that the media report does not materially impact its business, operations, or financial position. 

Ola Electric Mobility Share Price Performance 

As of July 08, 2026, at 11:57 AM, Ola Electric Mobility share price on NSE was trading at ₹42.10, down by 0.71% from the previous closing price. 

Conclusion 

Ola Electric's shares fell 5% amid disputes with suppliers Anevolve Mando E-Mobility and Sterling E-Mobility Solutions. The company has initiated arbitration and is contesting insolvency petitions, asserting compliance with SEBI regulations. 

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