Goldman Sachs cuts India's Ola Electric to 'neutral'; shares drop

Ola Electric Mobility

26/02/2026 04:10

** Goldman Sachs downgrades India's Electric two-wheeler manufacturer Ola Electric OLAE.NS to "neutral" rating

** Brokerage cuts PT for OLAE to 26 rupees from 52 rupees earlier

** Shares of OLAE drop nearly 1% to 25 rupees

** Brokerage says insufficient vehicle servicing capacity, high turnover in senior management, volatile sales network strategy, and muted reception for its roadstar motorcycle have led to a loss in 2W market share

** Expects co's 2W market share to remain range bound in the mid-single digit run rates over FY25-FY27

** OLAE rated "Sell" on avg by 8 analysts covering it; median PT at 26.50 rupees - data compiled by LSEG

** YTD, OLAE lost ~30%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))