Ola Electric stock has fallen 41% since listing in August 2024.. (Source: Ola) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Multinational investment bank Goldman Sachs reduced its share price target for Ola Electric Mobility Ltd., citing a moderation in market share in electric two-wheelers.

The company's market share has fallen from 20% to sub 15% over the last six months, which analysts have factored into their second-quarter earnings estimates, according to a client note.

Hero MotoCorp overtook Ola Electric to become the fourth-largest EV seller in India, according to the latest Vahan retail data. Bajaj Auto, TVS Motor and Ather Energy are the other leaders.

The 12-month price target for Ola Electric has been reduced from Rs 72 to Rs 62 per share. The firm has ret

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