Shares of Ola Electric dropped 4.6% amid the resignation of senior executives Suvonil Chatterjee and Anshul Khandelwal. Their departures add to a trend of key exits at Ola, which has recently faced declining market share and high employee attrition rates.

The stock slipped 4.62 per cent to hit a day low of Rs 85.93. It was last seen trading 3.72 per cent lower at Rs 86.74. At this price, the scrip has declined 7.13 per cent in a month.

The shares of Ola Electric Mobility took a sharp hit on Monday, December 30, plunging over 5% to Rs 86 per share during the early trading session. The decline followed the resignation of two top executives—Chief Marketing Officer (CMO) Anshul Khandelwal and Chief Technology and Product Officer (CTO) Suvonil Chatterjee—effective December 27.

Shares of Ola Electric Mobility fell 4.61 per cent at Rs 85.93 a piece on the BSE in Monday’s intraday trade. Ola Electric share price rose after Ola Electric announced the departure of two senior executives, Chief Marketing Officer Anshul Khandelwal and Chief Technology Officer Suvonil Chatterjee due personal reasons.

Shares of Ola Electric Mobility are off opening highs, currently trading 3.87% lower at ₹86.45. The stock has tumbled 7% in the last one month.

Khandelwal and Chatterjee stepped down from their roles at the company, effective December 27, citing personal reasons. Both executives initially joined Ola's ride-hailing business before transitioning to Ola Electric Mobility.

Ola Electric Mobility's stock drops after key executives resign amid aggressive expansion plans and recent leadership changes.

The share of Ola Electric fell around 3 per cent on Monday after some fresh high-level exits at the company, including its Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer.

Both Chatterjee and Khandelwal had long tenures at Ola, initially joining Ola Cabs before moving to Ola Electric. Chatterjee joined in 2017 as Head of Design, while Khandelwal came on board in 2018 as Head of Marketing.

Ola Electric shares took a hit, dropping 4.6 per cent to an intraday low of Rs 85.93 on the BSE, following the resignation of two senior executives - Chief Technology and Product Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal.