The Japanese Softbank sells an interest of 2.15% in OLA Electric, cutbacks at 15.68%

The Japanese Softbank Group sold a 2.15% interest in the Indian electric scooter maker Ola Electric for two months, which reduced the importance to 15.68% compared to 17.83%, an exchange application turned out to be Thursday.

“SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between July 15, 2025 and September 2, 2025, with the disposal on September 2, 2025 breaching the 2% threshold specified in Regulation 29(2) Or the sebi takeover regulations, “an ola electric filing to the said exchanges.

From June 30, 2025, Softbank, via SVF II Ostrich (de) LLC, held 17.83 Crore shares in OLA Electric, which represents more than 78.65 shares of Crore shares.

While the company unveiled the development minutes before the closing time of the market, shares of OLA Electric today fell by 7% to finish at RS 64.49 on the NSE.

The sales pressure was also due to the reduction of the goods and service tax (GST) on two-wheelers with engine capacity up to 350 cc to 18% of 28%. Although the move is aimed at increasing the sale of two -wheelers with IJsmotors in the country, it is seen that it has a considerable sentimental impact on the sale of electric two -wheelers, while the real impact will be seen in due course.

OLA Electric shares have organized a sharp recovery, arranged under the best-performing New-Age shares in recent weeks. From the low point of 52 weeks of RS 39.60 on July 14, the share increased almost 73% from Wednesday. The approval of the company under the production of the Linked Incentive (PLI) scheme scheme for reliving investor’s interests and has fueled a strong rally. The Automotive Research Association of India (ARAI) has erased Ola’s Gen Gen 3 S1 Scooter Range under the Pli -Framework of the Ministry of heavy Industry.

With this certification, OLA is eligible for stimuli ranging between 13% and 18% of the turnover value until 2028. It is important that the approval includes all seven Gen 3 S1 variants, which together contribute to more than half of the total turnover of the company.