Ola Electric Mobility Limited is India’s leading electric two-wheeler manufacturer, founded in 2017 by Bhavish Aggarwal as a subsidiary of ANI Technologies (Ola Cabs). Headquartered in Bengaluru, the company operates the Ola Futurefactory—one of the world’s largest two-wheeler manufacturing plants—in Krishnagiri, Tamil Nadu. Despite ambitious production targets and strong brand recognition, Ola Electric has faced significant operational and financial challenges since its commercial launch in 2021, including product recalls, supply chain issues, and steep losses. As of January 2026, the company remains unprofitable, with negative EPS, declining sales, and negative ROE—making it a high-risk speculative bet rather than a fundamental investment. This article provides a realistic outlook on the Ola Electric share price target 2026–2030.
Ola Electric Mobility: Company Overview
- Founded: 2017
- Founder & CEO: Mr. Bhavish Aggarwal
- NSE Symbol: OLAELEC
- Core Business:
- Electric scooters (S1 Pro, S1 Air)
- Battery-as-a-Service (BaaS)
- Charging infrastructure (Hypercharger Network)
- Market Position: Among India’s top 3 EV two-wheeler brands by volume; aims to expand into e-bikes and energy storage
Ola Electric benefits from strong brand visibility and government support for EV adoption, but faces intense competition from Ather Energy, TVS iQube, and Bajaj Chetak.
Ola Electric Mobility: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹32.90 |
| Market Capitalization | ₹14,516.04 Cr |
| No. of Shares Outstanding | 441.08 Cr |
| P/E Ratio (TTM) | Not applicable (negative EPS) |
| P/B Ratio | 1.32 |
| EPS (TTM) | –₹0.11 |
| Book Value (TTM) | ₹25.00 |
| ROE | –0.60% |
| ROCE | 0.59% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Cash | ₹1,888 Cr |
| Debt | ₹566 Cr |
| Promoter Holding | 36.78% |
| Sales Growth (YoY) | –96.34% |
| Profit Growth (YoY) | –48.15% |
Note: The catastrophic –96.34% sales decline stems from a voluntary recall of 1.45 lakh scooters in late 2024 due to fire safety concerns, which halted deliveries and damaged brand trust.
Ola Electric Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹35 – ₹45 |
| 2027 | ₹38 – ₹52 |
| 2028 | ₹40 – ₹60 |
| 2029 | ₹42 – ₹70 |
| 2030 | ₹45 – ₹80 |
Important: These targets assume successful product relaunch, regulatory clearance, and gradual market recovery. If safety concerns persist or competition intensifies, the stock could face delisting risk or near-zero value.
Ola Electric Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹35 | ₹45 |
Ola Electric reported a 96% YoY collapse in sales and 48% deeper losses in FY2025 due to the nationwide scooter recall. While it holds ₹1,888 Cr in cash, its negative ROE (–0.6%) and zero revenue traction make it highly speculative. The 2026 target range assumes:
- Resumption of deliveries in Q1 FY26
- No further regulatory penalties
- Gradual rebuilding of consumer trust
This is a bet on survival, not profitability.
Ola Electric Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹38 | ₹52 |
If Ola relaunches its S1 Pro 2.0 with enhanced safety and captures 10–12% EV two-wheeler market share, sentiment may improve. However, no earnings are expected before 2028. The 2027 target is purely based on recovery narrative, not fundamentals.
Ola Electric Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹40 | ₹60 |
By 2028, if the company achieves EBITDA breakeven and scales its battery-swapping network, investor interest could return. However, dilution risk remains high—the company may issue more shares to fund operations.
Ola Electric Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹42 | ₹70 |
Long-term viability depends on:
- Successful expansion into e-bikes and commercial EVs
- Government subsidies for EV adoption
- Global partnerships for technology
If achieved, the stock could trade at 2–3x P/B—but not on P/E.
Ola Electric Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹45 | ₹80 |
Over a five-year horizon, Ola’s upside is capped by execution risk and brand fragility. The ₹45–₹80 range assumes survival and minimal market leadership—not dominance.
Note: A 2040 target is not provided due to extreme uncertainty. Similarly, Suzlon’s 2040 target is beyond reliable forecasting.
Ola Electric: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Public & Retail | 53.19% |
| Promoters (ANI Technologies) | 36.78% |
| Domestic Institutional Investors (DII) | 6.78% |
| Foreign Institutional Investors (FII) | 3.24% |
High retail holding reflects speculative interest. Minimal institutional ownership signals a lack of fundamental confidence.
Ola Electric: Strengths vs Risks
Strengths:
- Strong brand recall and digital-first marketing
- Large manufacturing capacity (10 million units/year)
- ₹1,888 Cr cash provides runway for 2–3 years
- Backed by founder Bhavish Aggarwal’s ecosystem
Risks:
- Negative book value trajectory (ROE: –0.6%)
- Sales down 96% due to safety recalls
- Intense competition from established players
- Delisting risk if revival fails
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Very High |
| Ideal Time Horizon | 5+ years (speculative) |
| Volatility | Extremely High (penny stock behavior) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive traders betting on EV policy tailwinds; not for long-term investors |
Final Verdict
Ola Electric is a financially distressed EV startup kept alive by cash reserves and founder credibility. While India’s EV transition offers long-term optionality, current fundamentals are deeply concerning.
Our Ola Electric share price target 2026–2030 (₹35 to ₹80) reflects cautious optimism—rooted in policy support but tempered by extreme execution risk. This is not an investment—it’s a gamble on redemption.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Ola Electric Consolidated Page (FY2025 + TTM)
- Finology Ticker – OLAELEC Financials & Analysis
- Groww.in – Ola Electric Stock Profile
- Ministry of Heavy Industries – FAME-II Scheme Update 2025
- SIAM – Electric Two-Wheeler Sales Data Q3 FY26
