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Hyundai, Kia sell Rs.690-Cr worth stake in EV maker Ola Electric

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Hyundai Motor and Kia Corporation have exited Ola Electric, selling their entire stake in the company for a combined INR 690 crore via block deals.Hyundai offloaded its 2.47% stake worth INR 552 crore, while Kia sold its 0.62% holding for INR 137 crore. The exit comes over five years after the two auto firms, part of the same group, jointly invested USD 300 million in Ola Electric in 2019.Ola Electric reported a net loss of INR 2,276 crore in FY25 compared to INR 1,584 crore in FY24.

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