Ola Electric Today, February 24: Store Cuts and Stock Hits New Low

Ola Electric Today, February 24: Store Cuts and Stock Hits New Low

Ola Electric stock is in focus today as the company plans to shrink its store network to 550 by March. Shares are near record lows, while Q3FY26 losses of ₹487 crore exceeded revenue of ₹470 crore. With market share slipping versus Ather and rising customer complaints, execution and cash-burn risk have increased. We explain how store cuts may affect sales, service, and brand trust, and outline the key financial levers to watch. Our goal is to help Indian investors assess risk and timing on Ola Electric stock with clear, data-led insights.

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