20 Feb 2026 | 3 Mins Read
Ola Electric to close nearly 600 stores by March
Flipitmoney
Ola Electric Mobility aims to reduce physical stores to 550 by March, down from 800 and 4,000 previously. This follows Citi cutting its rating to 'sell' and slashing the target price 51% to 27. Shares have declined 15.6% in a month and 48.3% in 6 months, ending previous session 2.55% lower at 27.49 apiece.