Shares of EV maker Ola Electric on Wednesday surged 6.25 per cent to hit Rs 40.66 apiece in the early trade. In the past 15 days, the stock has skyrocketed 72.09 per cent, compared with its record low
of Rs 22.25 recorded on April 1.
The stock had been witnessing a one-way decline since a few days after its listing in August 2024. It had touched its peak of Rs 138.05 on August 16, 2024, before starting an extended fall that took it to its all-time low of Rs 22.25 on April 1, 2026.
Why Are Ola Electric Shares Rising?
The sharp rally in Ola Electric’s stock is being driven by the announcement of a sharp improvement in operational metrics and positive policy tailwinds.
The company reported a strong surge in demand momentum at the end of March, with daily orders crossing 1,000 units in the final week of the month. Registrations jumped to 10,117 units in March from 3,973 units in February, marking over 150% month-on-month growth and signalling a meaningful revival in sales.
Ola Electric has also achieved a key milestone, becoming the first EV manufacturer in India to cross one million cumulative registrations, according to VAHAN data.
On the technology front, the company recently announced that its in-house LFP battery is production-ready. This development is expected to significantly reduce vehicle costs and support wider EV adoption over time.
Further strengthening its product portfolio, Ola Electric on April 13 launched the S1 X+ 5.2 kWh electric scooter, powered by its indigenously developed 4680 Bharat Cell, at an introductory price of Rs 1,29,999. The move marks the company’s push to bring its advanced battery technology into the mass market segment, particularly targeting long-range affordability.
Investor sentiment has also been supported by favourable policy developments. The Delhi government’s draft EV Policy (2024-2030) proposes aggressive electrification targets, including 100% electric registrations for three-wheelers by January 2027 and two-wheelers by April 2028, backed by a proposed outlay of Rs 40,000 crore. The policy framework has lifted the outlook for EV adoption and benefited sector players like Ola Electric.
The company is now in focus ahead of its upcoming Q4FY27 earnings, which are expected to provide further clarity on its growth trajectory.
