Ola Electric Mobility’s stock saw a sharp rise on April 9, climbing more than 16% during intraday trading and reaching around ₹35. This rally comes despite weakness in the overall market, where benchmark indices like Sensex and Nifty were trading lower.
The stock has been gaining momentum for two consecutive sessions. Just a day earlier, it had already risen about 5% and crossed the ₹30 mark after nearly two months. In total, Ola Electric shares have surged over 20% in just two trading sessions.
🔋 Big Trigger: New LFP Battery Technology
The major reason behind this rally is Ola Electric’s announcement regarding its in-house Lithium Iron Phosphate (LFP) battery cell. The company revealed that its new 46100 format LFP cell is now ready for production.
This new battery is larger and more cost-efficient compared to the existing Bharat Cell technology. It is expected to play a crucial role in:
- Reducing EV costs
- Expanding energy storage solutions
- Strengthening Ola’s EV ecosystem
The company also confirmed that these batteries will start being used in its vehicles from the next quarter.
🏭 Gigafactory Expansion Boost
Ola Electric is rapidly expanding its battery manufacturing capabilities. Its Gigafactory currently operates at 2.5 GWh capacity, which is planned to scale up to 6 GWh.
Additionally, thousands of Ola vehicles powered by its existing battery technology are already running on Indian roads, covering millions of kilometers.
📊 Strong Sales & Demand Growth
Recent data indicates a sharp increase in demand:
- Vehicle registrations jumped 150% year-on-year in March
- Total registrations reached 10,117 units, compared to 3,973 units in February
This indicates a strong comeback in demand and improved market share performance.
⚙️ Operational Improvements
Ola Electric has also worked on fixing earlier service issues. The company claims:
- Over 80% of vehicles are now serviced on the same day
- Faster diagnostics and better parts availability have improved customer experience
💸 Price Cut Strategy
Another factor boosting investor confidence is a ₹60,000 price cut on its flagship Roadster X+ model. This move reflects:
- Better economies of scale
- Improved cost efficiency
- Strong vertical integration
📉 Stock Still Below Peak
Despite the recent rally, the stock is still significantly below its highs:
- 52-week high: ₹71.24 (Sept 2025)
- Current level: ~50% lower
- 52-week low: ₹21.21 (March 2026)
However, the stock has:
- Recovered 42% in the last month
- Still down 34% on a yearly basis
🚀 Future Outlook
Ola Electric is focusing on:
- Making EVs more affordable
- Expanding battery innovation
- Strengthening India’s EV ecosystem
The introduction of LFP technology is expected to be a game-changer in accelerating EV adoption across the country.
