Ola Electric Mobility’s shares fell 7% to 33.50 rupees (US$0.37) on January 20, 2026 marking the tenth consecutive session of decline, after CFO Harish Abichandani resigned, citing personal reasons.

The company appointed Deepak Rastogi as his replacement, effective January 20, 2026.

This is the second executive departure in two months, following the resignation of Vishal Chaturvedi, business head – cell, in December.

The company reported vehicle registrations of 9,020 units in December, with its market share increasing to 9.3% from 7.2% in November, and further rising to nearly 12% in the second half of December, indicating market growth.

🔗 Source: The Economic Times