HSBC said that the recent market share loss at Ola Electric is worrisome as the brokerage firm sees a 15-20% downside risk to its FY25/26 volume projections for the company
This comes days after the recently listed Ola Electric’s total escooter registrations slumped 34% month-on-month (MoM) to 27,517 units in August
Despite the recent sales dip, HSBC remains optimistic about Ola Electric's recovery and has maintained its 'buy' rating on the stock
HSBC said that the recent market share loss at Ola Electric is worrisome as the brokerage firm sees a 15-20% downside risk to its FY25/26 volume projections for the company if the current market share trend continues.
This comes days after the recently listed Ola Electric’s total escooter registrations slumped 34% month-on-month (MoM) to 27,517 units in August. Its vehicle registrations stood at 41,712 units in July and 36,832 units in June.