Ola Electric Share Price in Focus; Plans to Reduces Store Network to 550 Amid Sales Decline

As per The Economic Times report, Ola Electric announced a further reduction of its physical retail footprint to roughly 550 outlets by the end of March, reflecting a sharp slowdown in sales and mounting operational pressures. 

Store Network Reduction to 550 

The company has already trimmed its network to 700 stores as part of a “structural reset”. The latest plan will close an additional 150 locations, bringing the total to about 550 by March‑end. Closures have been accompanied by staff exits at the affected sites. 

Financial Performance in Q3 FY26 

For the quarter ended 31 December 2025, Ola Electric posted a net loss of ₹487 crore, better than the ₹564 crore loss recorded a year earlier.  

Revenue from operations fell 55% year‑on‑year to ₹470 crore. Vehicle deliveries dropped to 32,680 units, a 61% decline compared with the same period last year. 

Read More: Ola Electric Share Price Gains Over 2%; Clarifies Bombay High Court Stays Goa Consumer Commission Warrant Against CEO! 

Market Share and Competitive Position 

According to Vahan data, the company’s share of the electric two wheeler market slipped to 6.3% in January, down from roughly 26% a year earlier.  

In the first 18 days of February, sales of 2,575 vehicles reduced the share further to about 4.2%, placing Ola behind legacy manufacturers such as TVS Motor, Bajaj Auto and Hero MotoCorp as well as newer entrants like Ather Energy. 

Operational Challenges and Workforce Changes 

Several showrooms and service centres were ordered to shut after being found without valid trade certificates, particularly in Maharashtra.  

The firm has also undertaken multiple rounds of workforce reductions across technology, hardware and other core functions to curb operating burn. 

Ola Electric Mobility Share Price Performance  

As of February 20, 2026, at 9:19 AM, Ola Electric Mobility share price on NSE was trading at ₹27.07 down by 1.60% from the previous closing price.  

Conclusion 

Ola Electric’s decision to cut its store network to 550 reflects a broader effort to align its cost structure with declining sales. The latest quarter showed a significant fall in revenue, deliveries and market share, while operational adjustments continue across the organisation. 

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. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.