Ola Electric’s shares jumped nearly 4% after the company said its December market share rose to 9.3%.
Share price climbs on market‑share gain
The stock closed at ₹37.65 on the NSE, up 3.89% from the previous day. The rise came after Ola filed a regulatory update showing a jump in its two‑wheel market presence.
December market‑share numbers
According to VAHAN data, Ola sold 9,020 units in December, lifting its share from 7.2% in November to 9.3% for the month. In the second half of December, the share climbed to almost 12%, signalling stronger demand toward the end of the month.
New scooter launches and certifications
The company highlighted strong early demand for its 4680 Bharat Cell‑powered S1 Pro+ scooter (5.2 kWh) that began deliveries in November. It also received government certification for the 4680‑cell Roadster X+ motorcycle, expanding the same battery platform to two‑wheelers.
Service boost and upcoming energy business
To clear pending service issues, Ola deployed a 250‑member rapid‑response team in regions with high backlog. It also announced that deliveries of its battery energy‑storage systems are expected to start in the coming months.
Why it matters for investors
- Higher market share could translate into more sales and better brand visibility.
- New products using the 4680 cell may give Ola a technology edge.
- Improved service aims to enhance customer satisfaction and reduce churn.
- Energy‑storage rollout opens an additional revenue stream beyond scooters.
Chairman and Managing Director Bhavish Aggarwal said the rollout of 4680‑cell vehicles and upcoming energy‑storage deliveries will strengthen both short‑term execution and the long‑term tech roadmap.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.