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In the face of lost market share, mounting operational challenges and leadership problems, Ola Electric faces a race against time to come up with anything that can stem its decline.

The country’s woefully inadequate efforts to reduce its reliance on lithium imports could spoil its EV party.
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.
While its peers headed for the exit, the fund house doubled down on the falling stock. The contrarian call now looks expensive—and risky.