Ola Electric’s journey so far
Ola Electric Mobility has been a headline name in India’s EV space since its listing. The company’s stock hit a 52-week high of ₹131 in August 2024, before crashing to a record low of ₹39.58 in July 2025.
Now, the Ola Electric Mobility share price has bounced back sharply. In just 12 trading days since August 12, 2025, the stock has jumped 54%, outperforming the Sensex, which slipped 1.7% during the same period. Its market cap now stands at around ₹26,628 crore.
The big trigger: PLI Certification
The main reason behind the recent rally is the company’s Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio.
| Details | Information |
| Certified models | All 7 scooters under S1 Gen 3 (Pro and X variants) |
| Contribution to sales | Over 50% |
| Incentive eligibility | 13%–18% of determined sales value until 2028 |
| Impact | Better margins, improved cost structure, move towards EBITDA positivity |
This approval means Ola’s Gen 2 and Gen 3 scooters are now fully certified. With incentives kicking in, margins are expected to improve from Q2 FY26.
A company spokesperson noted that this step strengthens Ola’s path to profitability while allowing customers access to competitive pricing.
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New product launches and expansion
At its annual Sankalp event, Ola unveiled new models powered by its in-house 4680 Bharat Cell:
| Model | Battery | Price | Delivery Timeline |
| S1 Pro Sport | 5.2 kWh / 4 kWh | ₹1,49,999 – ₹1,69,999 | Jan 2026 |
| S1 Pro+ | 5.2 kWh | ₹1,69,999 | Navratri 2025 |
| Roadster X+ | 9.1 kWh | ₹1,89,999 | Navratri 2025 |
This push into in-house battery manufacturing and faster charging technology reduces dependence on rare earth metals, a key supply chain risk.
CEO Bhavish Aggarwal has also set a target of 25–30% share in India’s two-wheeler EV market, banking on vertical integration and product innovation.
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Financials remain under pressure
While the Ola Electric Mobility share price is climbing, Q1 FY26 results showed weak fundamentals:
| Metric | Q1 FY26 | Q1 FY25 |
| Revenue | ₹828 crore | ₹1,644 crore |
| Net Loss | ₹428 crore | ₹347 crore |
| Deliveries | 68,192 (–45% YoY) | ~1.24 lakh |
| Gross Margin | 25.6% | Lower base |
Revenue halved year-on-year, and losses widened. Deliveries dropped sharply, highlighting market share challenges. Although margins improved, risks of execution, cash burn, and high competition remain.
Technical outlook on the stock
From a trading perspective, Ola Electric Mobility share price has broken out above its falling trendline:
- Resistance: ₹62–65
- Support: ₹50 (strong), then ₹46 (20-day EMA)
- RSI: Near 68, signalling overbought levels
Analysts believe the rally could continue if momentum sustains, though short-term pullbacks are possible.
Outlook for the electric two-wheeler sector
The broader electric two-wheeler market is growing fast. According to industry reports:
- Sector sales may grow at 8% CAGR to reach 30–31 million units by FY31.
- EV penetration in scooters could rise from 16% in FY25 to 70% in FY31.
- EV penetration in motorcycles is projected at 10% by FY31.
Peer companies like Ather Energy are also rallying — its share price recently touched ₹494.60, up 42% in a month.
What does this mean for investors?
The Ola Electric Mobility share price rally is driven more by technical breakout and PLI policy benefits than strong earnings. Fundamentals remain weak, with deepening losses and falling sales.
For long-term investors, the key will be Ola’s ability to sustain growth and achieve profitability. For traders, the current momentum could offer short-term opportunities, but caution is needed.
Conclusion
The sharp surge in Ola Electric Mobility share price highlights how policy wins and product launches can quickly lift market sentiment. But for a sustainable rally, the company must deliver stronger financial performance in the quarters ahead.
