Following the announcement of a significant leadership shift at the top of its financial department, Ola Electric Mobility Ltd.’s shares fell 4% in early trade on Tuesday.
Leadership Change Triggers Market Reaction
Harish Abichandani resigned as Chief Financial Officer (CFO) with effect from the end of business on January 19, 2026, and Deepak Rastogi will take over today, according to the corporation.
At 9.43 am, the stock was down about 4% at 34.38 on the NSE. The board accepted Rastogi’s nomination during a meeting on January 19, according to Ola Electric’s regulatory disclosure to stock exchanges.
🔄 Ola Electric CFO Transition
- Outgoing CFO: Harish Abichandani
- Effective Date: January 19, 2026
- Incoming CFO: Deepak Rastogi
- Board Approval: January 19 meeting
- Market Reaction: Shares fell 4% in early trade
- Exchange: NSE
Profile of the New CFO
The new CFO has over thirty years of expertise in strategy, finance, and governance positions. In addition, he will be a member of the company’s senior management team and designated as a key managerial staff. The company is dealing with operational and market-related issues at the time of the leadership change.
Post-IPO Stock Performance
Since going public, Ola Electric’s stock has fluctuated. The shares have been under pressure following an initial post-IPO rise because of growing competition in India’s electric two-wheeler market and a slowdown in sales growth.
⚠️ Competitive & Demand Challenges
- Key Rivals: TVS Motor, Bajaj Auto, Ather Energy, Hero MotoCorp
- Market Trend: Rising competition in EV two-wheelers
- Sales Growth: Recent slowdown
- Guidance: FY26 revenue projection revised lower
- Investor Concern: Short-term growth outlook
Rising Competitive Pressure
Market share has been continuously increasing for rivals like TVS Motor, Bajaj Auto, Ather Energy, and Hero MotoCorp. Concerns regarding its short-term growth prospects have been heightened by the company’s recent revision of its revenue projection for FY26 due to weaker demand.
Frequently asked questions
1. What caused the 4% decline in Ola Electric shares today?
Due to short-term market anxiety following Ola Electric’s announcement of a change in its top finance leadership, the stock declined.
2. Who is Ola Electric’s new CFO?
As of January 19, 2026, Deepak Rastogi has assumed the role of Chief Financial Officer.
3. Who left their role as CFO?
At the end of business on January 19, 2026, Harish Abichandani tendered his resignation as CFO.
4. Does the incoming CFO possess relevant experience?
Indeed, Deepak Rastogi has almost thirty years of experience in corporate governance, strategy, and finance.
5. What additional factors are putting pressure on the shares of Ola Electric?
A revised (lower) FY26 revenue projection, slower sales growth, and fierce competition in the electric two-wheeler sector have all had a negative impact on the company.
Conclusion
The drop in Ola Electric’s share price is a reflection of investor caution in the face of a significant management change and continued business difficulties.
The stock’s performance is nevertheless impacted by short-term issues like competition, lackluster demand, and market volatility, even though hiring a seasoned CFO may eventually improve financial leadership.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Stock market investments are subject to market risks.
