Ola Electric Zooms 3% On Regaining Top Spot In 2-Wheeler EV Sales

Shares of Ola Electric shot up 3.2% to INR 75.49 in intraday trade on the BSE today (February 4), after the company reclaimed the top slot in India’s electric two-wheeler (E2W) market in terms of sales recorded in January 2025.

At 12:26 PM, the company’s stock was trading up 1.4% at INR 74.15, as against Monday’s close of INR 73.15. Ola Electric’s market capitalisation stands at INR 32,706.30 Cr ($3.75 Bn).

Based on the Vahan data, Ola Electric saw registrations of its electric two-wheelers zoom 64% to 22,656 units in January from 13,794 units a month back, driving its market share to 25% from 19%.

This boom in sales comes close on the heels of the launch of eight e-scooters across mass and premium segments, built on the advanced Gen 3 platform. Its shares had zoomed 14.43% in early trade to INR 76.50 apiece on the BSE on January 31.

The EV maker had earlier announced in a regulatory filing that it had commenced the production of its Roadster electric bike, which was unveiled last August.

Earlier this week, Ola Electric chief Bhavish Aggarwal posted on X about the launch of Roadster X on Wednesday (February 5), which would be livestreamed on the company’s official website.

The company debuted in the capital market with a flat listing on August 9, last year. The Ola Electric shares were listed on the BSE at INR 75.99, while its IPO issue price was INR 76. The shares opened flat on the NSE too, listing at INR 76.

The stock hit an all-time low of INR 64.68 apiece on the BSE a week ago. 

Updated at 01:34 PM

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