Ola Electric has suffered a major setback in the Indian electric scooter market. Ola's share, which had a market share of 35 percent in 2024, has now fallen to less than 6 percent. The main reasons for this are scooter malfunctions, safety issues, and poor service. Ola's sales have fallen sharply as customer complaints have increased.

While Ola has lagged behind, its competitors have made huge gains. Ather Energy's sales have increased by 72 percent. TVS and Bajaj also continue to perform well in the market. Ather is now far ahead of Ola in terms of revenue and market value.

This collapse has also significantly affected Ola's share price. The share price, which had risen as high as Rs 150, has now fallen to a low of Rs 30. While Ola's total market value has decreased to Rs 14,115 crore, Ather's has increased to Rs 23,712 crore.