Ola Electric Mobility’s Leadership Change Analyzed
Ola Electric, a big company making electric cars in India, saw its stock price drop by 5.67% after announcing changes in its financial leadership. This means the stock price went down to Rs 33.75. The move involves swapping out the company’s top financial person with a new one.
Key Points
- New CFO Deepak Rastogi joins Ola Electric January 2026.
- Previous CFO, Harish Abichandani, resigned for personal reasons.
- Board approved Rastogi’s appointment on January 19th.
- Rastogi brings 30+ years of finance and management experience.
- Ola Futurefactory manufactures EVs and key components in Tamil Nadu.
- Ola Electric reported a net loss of Rs 418 crore in Q2.
Company Update
The company announced that Deepak Rastogi will be the new Chief Financial Officer, starting on January 20, 2026. He’s taking over from Harish Abichandani, who is leaving because of private matters and his departure is effective January 19, 2026. The company’s board officially agreed to hire Rastogi on January 19th.
Deepak Rastogi has a lot of experience – over 30 years – working in finance, planning, and managing companies. He’ll be a key part of Ola Electric’s team, helping them make smart financial decisions. Rastogi will also be responsible for overseeing how the company uses its money and resources.
About Ola Electric
Ola Electric is a leading company in India that makes electric vehicles. They don’t just make the cars; they also design and build parts like battery cells. Their factory, called Ola Futurefactory, is located in Tamil Nadu and is a huge center for electric vehicle production in India.
Recently, Ola Electric reported a loss of Rs 418 crore (about $53 million) for the quarter ending September 2025. This is down from a loss of Rs 495 crore the previous year. Their sales also decreased by 43% compared to last year, which shows a need for improvement in sales strategies.
Strong leadership and strategic financial decisions are crucial for Ola Electric’s continued growth and market position.
