New Delhi, June 4 -- Ola Electric Mobility Ltd's shares tumbled 8% on Tuesday to Rs.49, taking the loss so far in 2025 to over 40%. The recent drop is striking, coming when the Hyundai Motor Group, comprising Hyundai and Kia, sold their stake at a discount of about 5% to Monday's closing price of Rs.53.7.

Ever since Ola scaled down its ambition of manufacturing electric cars, it has lost strategic relevance for the Hyundai group. Thus, the latter's exit is not surprising, especially given Ola's poor financial performance till now. The group acquired a stake in Ola in 2019.

Moreover, the fall in share price might have more to do with investors' assessment that Ola would find it challenging to meet even its revised targets after dismal Ma...