OLA Electric's stock surged by 16% after the company announced its entry into the electric motorcycle segment.
The shares of Ola Electric Mobility, a leading two-wheeler electric manufacturer in India, continued to rise after their market debut. This morning, the stock surged by 16%, reaching ₹128.30 per share.
This increase comes after the company expanded into the two-wheeler motorcycle segment, unveiling three electric bike models—Roadster Pro, Roadster, and Roadster X with prices starting from ₹74,999, ₹1,04,999, and ₹1,99,999, respectively.
The company also announced the integration of its cells into its own vehicles starting in Q1 FY26. Additionally, Ola Electric showcased the indigenously developed Bharat 4680 cell and battery pack, new Gen-3 platform, and MoveOS 5 at Sankalp 2024, Ola’s annual launch event, held at its Future factory in Krishnagiri, Tamil Nadu, on August 15, 2024.
During the event, Bhavish Aggarwal, Founder and CMD of Ola Electric, mentioned, “Currently, motorcycles make up two-thirds of India’s two-wheeler market. With Ola’s entry into this segment, the penetration of electric vehicles (EVs) in the two-wheeler market is set to accelerate even further." He also emphasized the company's success in driving EV adoption within the scooter segment and noted that, with Ola's innovative product lineup, they are now focused on significantly boosting EV penetration through their motorcycle offerings.
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