Shares of EV maker Ola Electric surged 8.7% to touch an intraday high of INR 40.77 on the BSE.

The rally came after the company said yesterday that it registered 9,020 two-wheeler EVs in December 2025, with its market share rising to 9.3% from 7.2% in November 2025.

The stock gave up some of the gains later in the day today and was trading at INR 40.36 on the BSE at 12:21 IST, up 7.6% from the previous close. Ola Electric’s market capitalisation stood at INR 17,802 Cr (about $1.97 Bn).

The company, in its statement yesterday, said that its market share increased to almost 12% in the second half of December 2025.

It said that South India recorded notable traction compared to the rest of the country, as its market share grew by 2.5 percentage points in the region between November and December 2025. It claimed to have seen a 4 percentage points increase in its market share in Bengaluru during the period.

“Ola Electric reclaimed its position among the top three EV players in nearly a dozen states, including key EV markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana,” it added.

The company attributed the uptick in sales to the launch of its Hyperservice programme, which is aimed at improving its after-sales services.

Notably, Ola Electric, once the market leader in the two-wheeler EV market, slipped to the fourth position in the second half of 2025 amid rising customer complaints about issues with its vehicles and poor after-sales service.

Can Hyperservice Reverse Ola Electric’s Fortunes?

To address these issues, the company launched its first Hyperservice Centre in Bengaluru last week, with plans to expand it pan-India over the coming weeks.

“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. As two service metrics stabilise, early indicators point to an improvement in demand,” said Ola Electric founder and CMD Bhavish Aggarwal.

He also highlighted that the mass rollout of vehicles powered by its in-house manufactured 4680 Bharat Cell battery pack will also be a lever for growth. The company has begun deliveries of escooters fitted with these battery packs in Karnataka, Kerala, Tamil Nadu, and Telangana, and plans to expand it pan-India soon.

Earlier this week, the company said that it received government certification for its Roadster X+ (9.1 kWh) electric motorcycle powered by the 4680 battery pack.

It is pertinent to note that shares of Ola Electric plunged over 57% in 2025 amid high losses, regulatory troubles, declining market share and customer complaints. The company’s shares are down nearly 47% from their IPO issue price of INR 76.

In Q2 FY26, the company’s net loss narrowed over 15% to INR 418 Cr from INR 495 Cr in the year-ago quarter. However, revenue also declined 43% YoY to INR 690 Cr.

Ola Electric Funding Snapshot

Source: Inc42 Datalabs

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