After two days of gains, Ola Electric shares fell 7% to hit a low of ₹49.50 per share amid profit booking.
Market investors also got worried after the release of vehicle (VAHAN) data, which showed that Ola Electric had recorded 9,522 registrations as of August 20, while the figure for Arthur Energy was 10,248.
Ola Electric shares rose 30.5% in two sessions as investors reposed faith in the positive sentiment of the company. Founder Bhavish Aggarwal shared plans for upcoming launches and growth strategy in the coming quarters.
In an interview to Moneycontrol, Aggarwal said that the products with 4,680 cells will reach customers by Navratri. The electric vehicle maker’s Tamil Nadu plant is already in full production ahead of the launch.
Rajesh Mekkat, head of R&D at Ola Electric, said the 4680 Bharat cell has a battery life of over 15 years, is 5 times more efficient than its competitors and offers 80% charging in 15 minutes.
The CEO said in the interview that Ola Electric is targeting a 25-30% share in India’s two-wheeler EV market, which will be helped by vertical integration and new product launches.
On the supply of raw materials for electrode rolls, he said China is a major source, but Japan and Korea are also fast becoming major sources.
“India has a free trade agreement with Australia, which is the largest producer of materials like lithium and manganese used in the cell. India’s strategy should be to expand its supply chain,” Agarwal told Moneycontrol.
Aggarwal further said that Ola’s motorcycle has received a very good response across the country. We are expanding it in a phased manner, not all at once across the country. So, we launched in 200 stores and are now expanding it across the country by Navratri. We are announcing some new products in the scooter as well as a Moonshot bike.
Ola has started development of ferrite motor technology at the Tamil Nadu plant, which will replace rare earth magnets used in the development of its products.
Last week, the company also launched a new scooter, the Ola Pro Sport scooter, equipped with Bharat Cell. Along with this, Ola also launched ferrite motor technology, which is an alternative to rare earth magnets and is used in the development of electric vehicles.
Ola Electric share price
At the time of writing, Ola Electric shares were trading 6.65% lower at ₹49.67 per share on the National Stock Exchange.
In the last five trading days, the company’s shares have gained more than 21%.
However, since November 21, 2025, i.e. six months later, the company’s shares have declined by more than 19%.
The company’s shares had touched their one-year high of ₹ 157.40 per share on August 20, 2024, while their 52-week low was ₹ 39.60 per share on July 14, 2025.
