Hyundai-Kia-EXIT-L-BAVIETIN | Hyundai and Kia sold their shares in Ola electronic: block deals were made for $ 590 billion; 50% of the drops in 6 months have dropped

In the fourth fourth fourth fiscal year, the company’s deficit doubled to Rs 870 crore.

South Korean company Hyundai Motors Ola has sold a full 2.4747% shares in the electronic. At the same time, Kia Motors also sold 0.6% of it. Both companies have dealt with a block of around Tk 692 crore in total.

According to Reuters, Hyundai sold his 2.4747% shares (about 1.5 crore shares) at a price of 50.70 per share. Kia has sold 0.6% share (about 2.71 crore shares) at a price of 50.55 per share.

Kaya is now less than 1% of the electric cases. Both companies have invested a total of $ 300 million (Rs 2500 crore) in Ola Electory in 2019.

Ola shares have declined by 8% yesterday

Ola electric shares have dropped 8% on Tuesday. The company’s stock fell to Rs 49.60 and stood at Rs 49.60. Today, it closed at 50 bucks with a profit of 1.20%.

Ola deficiency is twice

Ola electronic stock has been found to be reduced to 10% on May 30 due to poor results. On May 27, the company released the fourth quarter of the fiscal year 2021. The company’s deficit doubled at Tk 570 crore.

The company lost Rs 416 crore in the same quarter a year ago. The loss of the company has increased by more than twice the annual basis. Talking about the company’s revenue from the operation, it was Tk 611 crore in March. It has decreased by 62%.

A year ago, the company earned Rs 1 crore in the same quarter. The amount obtained from the sale of goods and services is called revenue or earning.

Ola vehicle sales reached third place

In addition to these, Ola has reached number three for electric sales. According to the vehicle portal, the company’s market share in May is reduced to 20%. Vehicle sales decreased by 60% compared to last year.

In May 2025, only 15,221 vehicle register was registered compared to 37,388 in May last year. The old player TVS motor is number one with 25% market share. Bajaj Auto is in second place with 22..6% partnership. Ath’s power market share decreased from 14.9% of April 13.1% in May.

Ola electric mobility was founded in 2017

Ola electric mobility was established in 2017 in Bengaluru. The company mainly produces electric vehicles, battery packs, motors and vehicles frames at Ola Future factory.