In a significant development for Ola Electric Mobility Ltd, founder and CEO Bhavish Aggarwal has sold a portion of his personal shareholding through a bulk deal, raising around ₹92 crore by offloading approximately 2.6 crore equity shares at an average price near ₹34.99 per share on December 16, 2025. This strategic sale was executed to repay a ₹260 crore promoter-level loan and release previously pledged shares, eliminating what the company described as an overhang and making Aggarwal debt-free at the promoter level. Following the transaction, the promoter-group holding in Ola Electric is expected to be just above 34 per cent, with no dilution of voting control or long-term conviction in the business.

The share sale comes against the backdrop of a tough year for Ola Electric’s EV business. Once a dominant force in India’s electric two-wheeler segment, the company has faced operational challenges, delivery delays, regulatory scrutiny, and declining vehicle shipments. Its stock has struggled on the market, sinking to multi-year lows and erasing a significant portion of its post-IPO gains.

Compounding these internal strains, market share dynamics in the Indian EV two-wheeler sector have shifted sharply. According to sales data for November 2025, TVS Motor Company reclaimed the #1 position in EV two-wheeler registrations, with roughly 30,309 units sold and capturing around 26 per cent market share. In contrast, Ola Electric’s registrations plunged nearly 48 per cent, reflecting an immediate loss of consumer momentum and competitive edge in the market.

This resurgence from TVS underscores how legacy automakers with deeper service networks and delivery capabilities are gaining traction in a rapidly evolving electric mobility landscape. While Ola had once led the space with strong early growth, its recent slip to lower rankings shows how quickly market leadership can reconfigure amid fierce competition and operational hiccups.

What this means for stakeholders:

• For investors, Aggarwal’s sale to clear debt may remove a key overhang on the stock and signal improved balance sheet health at the promoter level.

• For the EV ecosystem, TVS’s leadership highlights the importance of execution, after-sales support, and market reach - areas where established OEMs often have an advantage.

• For Ola Electric, the dual pressure of financial repositioning and market share erosion will likely shape its strategic focus going forward, possibly toward new product segments or operational refinements.

Overall, these developments mark a turning point in India’s EV two-wheeler story - one where early disruptors must now fight harder to maintain relevance against seasoned players leveraging infrastructure, brand trust, and distribution strengths.