Shares of Ola Electric, India’s leading two-wheeler electric vehicle (EV) manufacturer, continued their upward trajectory following a strong market debut. As per The Mint,in early morning trade today, the stock surged by 16%, reaching ₹128.30 per share. This rally follows the company’s recent expansion into the two-wheeler motorcycle segment, where it unveiled three new electric bike models—Roadster Pro, Roadster, and Roadster X—with prices starting at ₹74,999, ₹1,04,999, and ₹1,99,999, respectively, the news outlet Mint reported.
At Ola’s annual launch event, Sankalp 2024, held at its Future factory in Tamil Nadu, Founder and CMD Bhavish Aggarwal highlighted the company’s success in the EV scooter market and its new focus on the motorcycle segment, which dominates two-thirds of India’s two-wheeler market. He also announced that Ola Electric would begin integrating its indigenously developed Bharat 4680 cell into its vehicles starting in Q1 FY26. Despite the company’s impressive growth, it reported a consolidated loss of ₹347 crore in Q1 FY25, largely due to subsidy cuts, but remains optimistic about achieving EBITDA breakeven in the near future, the news outlet further said.
