Shares of Ola Electric Mobility jumped as much as 8.2% to Rs 44.28 on the BSE on Monday, extending a sharp 16% rally in early 2026 as investors cheered early signs of a turnaround in the electric two-wheeler maker’s business.
The stock’s strong start to the year reflects renewed confidence in Ola Electric’s strategic reset after months of service backlogs and operational challenges. The company has pointed to early gains from its service transformation efforts, improving demand trends and rising market share.
Ola Electric has flagged encouraging early results from Hyperservice, a focused programme launched to address service delays and execution bottlenecks. The initiative targets backlog resolution, workforce capacity, spare parts availability
and customer self-service.
“Ola Electric today announced early but decisive results from Hyperservice, its focused service transformation program, positioning the company for a sustained business turnaround driven by improving customer experience, rising demand, and disciplined operational execution,” the company said in a statement on January 1.
According to the company, 77% of service requests were completed on the same day in December 2025, indicating a meaningful improvement in turnaround times.
Industry data also point to strengthening demand. VAHAN registrations show Ola Electric sold 9,020 units in December, lifting its market share to 9.3% from 7.2% in November. Market share in the second half of the month climbed close to 12%, suggesting improving traction.
Ola Electric said it regained a top-three position in nearly a dozen states in December, including key markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana. In southern India, its market share rose by about 2.5 percentage points month-on-month, with Bengaluru alone contributing nearly four percentage points of gains, VAHAN data showed.
“Our priority has been to fix the fundamentals of service with speed and discipline. Hyperservice is a structurally focused programme, not a short-term fix, and we are already seeing clear outcomes in customer experience, market share, and bookings momentum,” said Bhavish Aggarwal, Chairman and Managing Director of Ola Electric.
Alongside service improvements, the company has begun deliveries of its S1 Pro+ scooters powered by 4680 Bharat Cells. Deliveries started in November 2025, with government certification secured in December, and Ola Electric said early demand has been strong.
Financials, however, continue to reflect a business in transition. For the July–September quarter of FY26, Ola Electric reported a consolidated net loss of Rs 418 crore, narrower than Rs 495 crore a year earlier, while revenue from operations fell 43% year-on-year to Rs 690 crore. Total deliveries during the quarter stood at 52,666 vehicles.
The company’s EBITDA loss narrowed to Rs 203 crore from Rs 379 crore a year ago. Notably, the auto segment posted a positive EBITDA margin of 0.3% in Q2 FY26, compared with -5.3% in the previous year, marking its first profitable quarter at the core business level.
For now, markets appear to be rewarding early signs of stabilisation and execution discipline, even as Ola Electric works to sustain the momentum through the rest of 2026.
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