India, March 2 -- Shares of Ola Electric slumped 15.90% during the intraday trading today to touch an all-time low at Rs.21.21 on the BSE amid a near 50% decline in its two-wheeler EV (E2W) registrations in February.

The stock recouped some of the losses and was trading 4.68% lower at Rs.24.04 on the BSE at 14:55 IST. The company's market capitalisation stood at Rs.10,604 Cr (about $1.16 Bn) at the time. At its peak, the company's market capitalisation stood at around Rs.69,000 Cr (about $7.5 Bn) in August 2024.

The stock has been under pressure for more than a year now amid declining E2W sales and high losses. Last month, the company's E2W registrations declined more than 47% to 3,968 units from 7,531 units in January. It slipped to th...