India, Dec. 3 -- Extending its losing streak for the fourth consecutive session, shares of EV maker Ola Electric slumped 5% to hit a fresh all-time low at INR 38.03 on the BSE today.

This number represented a decline of 62.9% from the 52-week high of INR 102.50 on December 4, 2024.

The company's market capitalisation stood at INR 16,774.39 Cr (about $1.8 Bn) at the end of the session. Nearly 39 Cr shares changed hands today.

The downslide in the shares comes at a time when the company has been struggling with high losses, declining market share in electric two-wheeler (E2W) market, and customer complaints about after-sales service.

The company slipped to the fifth position in terms of E2W registrations in November. Its vehicle registr...