To be fair the level of replies are Ad hominem.
I think if people feel the review is not right, I think they should be refuting/discussing the issues raised. As should be here too.
Disclosure:
No position in either in scrip in discussion or any competitor.
Edit: spell mistake
You should not put any weight to twitter comments regarding ola. Bhavesh is doing blatant PR. I even have screenshots from some time back and its clearly a PR push. Its borderline AI slop. Below are replies to a post from bhavesh. I lost the link but someone can easily find it.
I must say this today. Royal Enfield bikes has one of the worst reputation among biker community. But it has the highest sale. I have tried to find the reason for the same. One is legacy and other is even a roadside mechanic can open its engine and fix any problem. The devil is not in vehicle breaking down but how easy it is to repair it.
Bhavesh is his worst PR. To me, anybody who messed up the Ola service so badly, would have been contrite. Arrogance in response to criticism is the worst way to act.
Like they say, people vote with their feet. In the case of Ola, they have.
This is not a random twitter account.
He’s Senior Editor at CNBC.
Hope people see things as they are, not how they want it to see…
MY reasons to stay away from Ola
Financial Problems =
Competition
8. Insane competition going on in 2w ev industry.
9. the competition is Well Organised, Well funded and equipped with everything to gain market traction. eg. Bajaj,hero,Ather.Bigaus,honda etcc..
10. Demand Growth is Slow and steady but Supply is increasing exponentially.
Major Raw Material Problem
11. Lithium prices has increased by 150% in last 4 months and lithium is key metal for EV batteries and Battery energy storage system [BESS] [its real threat i’m not jokking’]
12. Let keep optimism aside and listen Yes Ola did great hardwork and built indigenous battery cells but selling them Commercially to others is Practically impossible because china has best Cells makers at cheapest price possible [ thanks to chinese subsidiaries and export rebate and tax incentives ] while Ola have to absorb all cost by themselves and importing lithium battery cells in India attracts only 5% Import duty and it is extremely easy and convenient for other indian players.
Consumers Perspective
13. Ola had strong first mover advantage but slowly slowly lost all its Trust and Charm and consumers turned from Ola lovers to neutral to ola haters in last 4 years.
14. Urban consumers absolutely hates Ola but Ola is still best 2W EV for Rural consumers but sadly Rural consumers doesn’t have much purchasing power so they ends up buying from tier 3. companies likes OKAYA,ZELIO ETC.
My Personal Opinion- No doubt Ola as a brand is good and products are great but as an investment perspective valuations are not in favor for us.Paying 15K Cr valuation with these risks is not good from RISK-REWARD Point of view. it can be a good bet if valuations comes under 8k cr or customer perspective increase and govt. of india impose more import duty on Lithium battery cells imports and lithium prices stabilises or go down.
and guys avoid ‘‘Too big to fall’’ ‘‘best management’’ ‘‘bhavesh is Genius,Elon musk of india’’ type thinking for Investment in OLA. and
guys dont forget 2 Investment Rules number 1. is Never lose money and number 2 is never forget rule no. 1.
Disc- , not a buy sell reco.
All these things seems to be discounted in price in recent crash…
It did came to Rs.9300cr market cap when it hit 21.20 last/early this month… Smart people reaped that opportunity and made nearly 2x in a month… Market is forward looking!
While all others have seen a significant decline in daily sales in April, Ola Electric bucks the trend by registering a 20% growth from March.
Link to original post:
Much more legs to this ongoing rally!
Does anyone have idea how to track daily sales? I see some people posting daily Ola Sales in X. Just curious how reliable are these numbers. I don’t think Ola will meet it’s guidance for Q1 which is their sales volume
Ola guided for 40-45k sales
They will be doing close to 41k sales
Last 2 months sales 27.5k
This month sales till June 15: 7k
Another 7k and they will be closing around 41.5k , well in the guidance
All this info is publicly available
Check Vahaan portal
Ask chat gpt
Build your own conviction
Verify data by yourselves
Google parivahan dashboard. On the website select tabular view on top right corner. On Y axis select maker and on X axis select fuel. Click on refresh. After that select two wheeler below the drop-down placed below refresh button. Select period for which you want to check data. It’s yearly or monthly basis. On left side there will be red arrow. Click the button. It is filter. Select TWO WHEELER in VEHICLE CATEGORY and PURE EV in FUEL. Click on refresh. You will get list of total registrations done by all the two wheeler ev companies for that period.
VAHAN - 2W EV Daily Sales Data | Ankmitra Abacus & Stocks
You can check this.
I have been really wondering - is the issue with product’s quality itself or it has been the servcie and parts availability.
Reading the type of complaints etc. I sense it is the product itself also - total lockout due to software issue, parts malfunctioning too soon etc. Ather quality ahs been robust and they spent years perfecting ti for indian conditions.
Ola bought the scooter company and then made patch upgrades on top of that platform, but they have always been saying product quality is top notch, and product price/value prop is also top - its only the service backlog. But then why so many complaints and even after sales dropped for 1 year+, and many gen2 upgraded to gen3. are complaints reduced, and are thye less for gen3.
how about the motorcycle - that was indigenously designed.. but then sales have been small there yet, so no meaningful service and quality related data there.
Any experts to clarify this ?
I am using S1 Pro Gen 2 and used it for 40k kms what my observations most of the issues are related to software, poor quality parts, Mostly Throttle, Suspension, Fork parts, Belt and Brake pads. I wanted to buy 2 more scooters kept it on hold as service not improved, getting appointment is very very difficult and all service centres are now 20-30 kms away from my location, I call it digital lock out, I wanted to write a Detailed Mail/Post to Board of Directors, Investor relations, Local RTO and Concerned ministry on the company opening showrooms and selling vehicles without proper service network and digital lockout. I have witnessed employees selling parts to customers from customers vehicle as there is part unavailability (here company is losing double money). CEO is not bothered he should be put in charge of R&D and make industry veteran as CEO. Without robust service overhaul this is company has no future in automotive; they may sell Cells even there its very very competitive.
After selling my entire holding in November 2025 at around ₹41, at a small loss, I slowly started accumulating again from the ₹23-24 range in March 2026.
Since the lows of March 2026, I can actually see a decent turnaround - maybe not a spectacular one yet, but certainly a meaningful improvement. Sales are currently trailing around 15,000 units per month. Looking at the momentum, crossing 17,000-18,000 units per month does not look unrealistic with some more effort. If Ola can sustain volumes above 15,000 units, the automotive segment should ideally start generating some cash.
However, I personally believe the more important growth engine will be the battery cell business. With the BSI certification received today, I expect the rollout into some of their models fairly soon. For context, Ola received a similar approval for its 4680 cells in late 2024, and it took almost a full year to launch the first vehicle using those cells. I hope the timeline is shorter this time - ideally a few months, not another 12-month wait.
A very logical progression would be to launch the Ola Gig with LFP batteries, especially since Ola wants it to be an affordable scooter. Given the lower power-to-weight density of LFP batteries and the fact that outright performance may not be the priority, this seems like one of the best use cases. Demand for the Ola Gig should be healthy, thanks to the dramatic rise of quick commerce and food delivery. The new Delhi EV policy could also provide an additional tailwind.
If Ola can scale the Gig well, it could give the company some much-needed impetus - especially in terms of cash flow. That, in turn, could help fund the launch of more advanced Roadster models and scooters in the months ahead. The good thing is that much of the R&D now seems to be largely complete. They may simply be waiting for the right opportunity to launch.
A small bonus point: in 2024-25, whatever Ola projected felt like dreams, assumptions, and big promises. Most people, including me, looked at those claims with skepticism. Fast forward to today, and they have actually shown that they can execute. They delivered the 4680 NMC cell, and now they have the 46100 LFP cell as well.
That is not a small achievement. As far as I know, they are the first and only company in India to make this possible at this level. The next big question is execution: how quickly can they commercialise it, scale it, and convert this technology edge into actual business performance?
“The technology story is finally becoming real. Now the market will watch whether Ola can turn it into real cash flows.”
Disc:
Invested and biased, do your own research
I have a question regarding Ola gen 3 scooters. It does have mid mount motor and chain drive but during Sankalp event it was also said that motor and battery would be connected. This is different than their regular Banana shape battery pack.
Could someone confirm if that is the case or they still have banana shaped battery?
Also, I tried to find videos about issues in Ola Gen 3 scooters and roadster bikes; actually I couldn’t find anything other than very minor complaints. Most of the complaints are in Gen 1 and Gen 2. Have someone observed anything otherwise?
Thanks!
I am not sure if I got your question but there are 2 types of motor: 1. Hub motor (placed in center of back tire itself) 2. Mid-drive motor where motor is placed in center of vehicle and transmission happens through chain or belt to back tire from motor. Ola initially used hub motor than moved to mid-drive. (of course after lot of complaints) And in both case battery connects with motor but not within battery pack. Both are different components.
Thanks!
In their 3rd Gen products they wanted to transition battery from ‘Banana shaped battery that slide under the seat’ to rectangular shaped under the footstep. Refer to the pictures.
I wanted to know whether this has been done. Thanks!
Just sharing an observation. Since the March 2026 when deliveries bounced back, there is a continuous accumulation going on. Last month it was particularly high, mutual funds holding in Ola stands at 8.5% as of June 2026. Notable is to also see a consistent love of Motilal Oswal fund house’s love for Ola 
.
Looks like either mutual funds are taking contrarian bet or they know something that broader market may not know or can’t see.
Discl: Invested, not a recommendation to buy or sell.
