Ola Electric Share Price Rises 8%, Extends Rally to 17% in 2 Days

Market Performance

Ola Electric share price continued its upward momentum on Wednesday, climbing 8% in morning trade. The stock recorded gains for the second consecutive session.

The stock has soared 17% over two sessions, driven by enthusiasm around the company’s recent strategic moves.

Main News

On Tuesday, Ola Electric share price surged nearly 8.5% after founder and chairman Bhavish Aggarwal outlined a bold roadmap to reclaim market share in India’s competitive EV two-wheeler segment.

The momentum carried forward into Wednesday’s trade, pushing the share price even higher.

Company Details

New Product Launches

• S1 Pro Sport scooter with 5.2 kWh and 4 kWh battery packs, powered by the 4680 Bharat Cell. Price starts at ₹1,49,999, with deliveries beginning January 2026.
• S1 Pro+ (5.2 kWh) and Roadster X+ (9.1 kWh), priced at ₹1,69,999 and ₹1,89,999 respectively. Deliveries begin this Navratri with an additional ₹10,000 savings.
• Diamondhead electric motorcycle prototype unveiled, targeting launch in 2027 at under ₹5 lakh.

Technological Advancements

• Introduction of India’s first indigenously built ferrite motor, eliminating rare-earth magnets to ensure supply chain independence. This will be rolled out from Q3 FY26.
• Announcement of a modular Gen 4 platform to support future two-wheeler, three-wheeler, and four-wheeler products.

Market Share Target

• Ola Electric is aiming for a 25–30% market share in the Indian two-wheeler EV sector.
• The company is banking on vertical integration, technical upgrades, and product expansion to achieve its goals.

Summary of the Article

Ola Electric share price has gained 17% in two days, fueled by new product launches, indigenous technology development, and ambitious market share targets. The rally highlights investor confidence in the company’s long-term vision for India’s EV market.