Indian electric vehicle maker Ola Electric's customers aren't happy with its service and scooters, and it's affecting the company's stock and market Ola Electric's market cap fell below $4.75 billion for the first time since its public debut in August.

Ola Electric share price fell more than 9% on Monday, continuing a downward trend that has seen the stock decline nearly 11% over the past week and over 17% in the past month.

Ola Electric‘s share price band has been revised upwards by the exchanges. What Happened: Ola Electric's share price has been under pressure over the past few weeks. The stock ended Monday over 8% lower at ₹90.

Market expert Prakash Diwan expressed a positive outlook on TVS Motor Company within the electric vehicle (EV) space, noting that its EV products are superior, widely accepted, and have already passed key phases of market acceptance.

The Bhavish Aggarwal-led EV company, which currently has the biggest market share in the country's electric two-wheeler segment, saw its share price drop to an intraday low of Rs 89.99 apiece at 11:10 a.m. on Monday, the lowest since August 12 when it was Rs 109 per share.

The company's market share fell to 27 per cent in September, down from 49 per cent in the first quarter of FY25

When Bhavish Aggarwal-led Ola Electric Mobility hit the floor of the domestic bourses, for days, the stock did not know anything but upper circuits. The high anticipation from the two-wheeler EV maker led the stock to touch the high of 157.