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Ola Electric Surges on Production Boost
6 Apr
Summary
- Ola Electric stock reached a seven-week high on Monday.
- The company received PLI certification for its Roadster X+.
- Ola Electric reduced prices for its Roadster X+ 9.1 kWh model.
Ola Electric Mobility's shares rallied 8% to ₹30.40 on the National Stock Exchange, reaching a seven-week high on Monday, April 6, 2026. This surge follows significant positive developments for the electric vehicle manufacturer.
On Friday, April 3, 2026, Ola Electric announced it received Production Linked Incentive (PLI) certification from the Global Automotive Research Centre (GARC) for its Roadster X+ 11 kW 4.5 kWh. This certification is a major milestone, making it the first motorcycle in the Roadster portfolio to receive PLI approval and highlighting the company's expansion into the electric motorcycle segment.
Additionally, Ola Electric recently implemented a significant price reduction for its 4680 Bharat Cell powered Roadster X+ 9.1 kWh. This price cut, from ₹189,999 to ₹129,999, is attributed to economies of scale at its Gigafactory and vertical integration of its indigenously developed 4680 Bharat Cell. The company aims to pass these cost efficiencies directly to consumers.
The company also reported a strong comeback in business performance, with daily orders exceeding 1,000 units in the last week of March 2026 and registrations reaching 10,117 units for the month, a significant increase from February's 3,973 units. This reflects over 150% month-on-month growth and a recovery in market share, driven by structural transformations in service operations.
