# Ola Electric Mobility fell as much as 7% on Monday, hitting an intraday low of Rs 37.96.

*business · news · 2026-04-13 · The Economic Times*

## Key points

- Ola Electric's in-house LFP battery is now ready for production, potentially lowering EV costs.
- The company secured PLI certification for a key model, enhancing eligibility for government incentives.
- Ola Electric became the first Indian EV brand to surpass 1 million cumulative registrations.
- Despite recent optimism, Ola Electric's revenue declined for three consecutive quarters, reaching ₹504 crore in December.
- FII holdings in Ola Electric increased to 4% in December 2025, indicating slightly improved institutional interest.

**Companies:** Ola Electric Mobility
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/ola-electric-shares-fall-7-on-profit-booking-after-40-three-day-rally/articleshow/130225660.cms)

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