Ola Electric’s shares surged up to 9% on January 2, reaching an intraday high of Rs 40.77, extending a more than 12% gain seen over just two trading days.
Why the Stock Rose
The jump follows a strong sales performance in December, where the company delivered 9,020 electric two‑wheelers. This helped lift its market share to 9.3% in December, up from 7.2% in November.
December Sales Boost
- Market share rose to nearly 12% in the second half of December, showing accelerating demand.
- Ola Electric re‑entered the top‑three EV players in about a dozen states, including Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana.
- Southern India saw the strongest gains, with a 2.5‑percentage‑point increase overall and a 4‑point jump in Bengaluru.
New Product Highlights
In November 2025, the company began delivering its 4,680‑unit batch of S1 Pro+ scooters powered by a 5.2 kWh Bharat Cell. Early demand has been robust. In December, Ola received government certification for the Roadster X+ motorcycle, also using the in‑house Bharat Cell, marking the start of its own battery cells across both scooters and motorcycles – a move aimed at better margins and supply‑chain stability.
Financial Snapshot
- Q2 FY26 consolidated loss narrowed to Rs 418 crore, better than the Rs 495 crore loss a year earlier.
- Revenue fell 43% YoY to Rs 690 crore, down from Rs 1,214 crore in the September 2024 quarter.
- For FY26, the company targets about 100,000 total deliveries and revenue of Rs 3,000–3,200 crore, focusing on profitability rather than pure volume.
- Auto‑segment gross margins are expected to reach roughly 40% by Q4, with an EBITDA margin around 5%.
Current Stock Position
Despite the recent rally, Ola Electric shares are still trading about 54% below the 52‑week high of Rs 88.59 (set on the same day last year) and far below the all‑time peak of Rs 157.40.
What Investors Should Keep in Mind
Ola’s growing market share, new battery‑cell strategy, and improving loss profile are positive signs, but the stock remains far off its historic highs. As always, consider the risks and do your own research before making any decisions.
Remember, this is perspective, not a prediction. Do your own research and consult a financial advisor if needed.