Ola Electric Mobility

South Korean automotive giants Hyundai Motor Company and Kia Corporation have divested their entire stakes in Ola Electric Mobility, collectively offloading nearly 3.1% of the electric two-wheeler maker in transactions exceeding Rs 690 crore. Hyundai sold a 2.47% stake for Rs 552 crore, while Kia offloaded 0.62% for Rs 137 crore. Meanwhile, Citigroup Global Markets Mauritius acquired a 1.95% stake for Rs 435 crore.

Ola Electric Mobility, one of India’s leading electric vehicle manufacturers, has recently addressed concerns regarding its February 2025 sales figures. In a statement released on Tuesday, the company clarified that its sales numbers reflect actual customer demand, not "token-amount bookings." The clarification comes after several media inquiries and unverified claims that circulated regarding the company's sales process.