Why Ola Electric Share Price is Rising

India's electric vehicle (EV) sector is growing fast due to government support, consumer demand, environmental awareness, and tech advancements.

Initiatives like the FAME scheme aim to boost EV adoption, making transportation more sustainable and innovative.

One stock that is surging in this sector is Ola Electric Mobility.

Ola Electric Mobility is a leading EV manufacturer in India, specialising manufacturing EVs and EV components, including battery cells.

Ola's share price surged 14% in one day, drawing strong investor interest.

So, what's behind this rally?

Let's take a closer look.

3 Reasons Why Ola Electric Share Price is Rising

#1 Block Deal

Ola's shares surged over 14% on 20 August, due to 0.3% equity changing hands through ten block deals. This marks the stock's fourth gain in the last five trading sessions.

#2 GST Reforms

The shares also gained as investors weighed potential GST reforms as positive for the company.

#3 Rare Earth Supply

Further, the stock rally picked up steam after China assured India it would address concerns over supplies of rare earth magnets and tunnel boring machines.

With China controlling about 90% of global rare earth output, this is crucial for automakers.

What Next?

Ola Electric's founder, Bhavish Aggarwal, shared an ambitious growth plan at the company's Sankalp event. The company aims to capture 25-30% of India's two-wheeler electric vehicle market with high margins, driven by vertical integration and new launches.

Ola Electric underwent a product transition over the past 6 months, phasing out Gen 2 scooters, increasing Gen 3 supplies and launching its first electric bike.

The company's 4680 Bharat cell has a battery life of over 15 years, offers 5 times the capacity of its competitors, and charges up to 80% in just 15 minutes.

It's also launching India's first domestically made ferrite motors, which do not rely on rare-earth magnets, ensuring supply chain stability. This motor will start being installed in Ola's vehicle from Q3 FY26 onwards, gradually.

Ola Electric has started developing ferrite motor technology at its Tamil Nadu plant, which will replace rare earth magnets used in its products.

How Ola Electric Mobility Shares Have Performed Recently

In the past five trading sessions, share price of Ola Electric Mobility has surged 29%.

However, the stock has fallen 17% over the past six-months and is down 63% over the past year.

The stock touched its 52-week high of Rs 157.53 on 20 August 2024 and its 52-week low of Rs 39.58 on 14 July 2025.

About Ola Electric Mobility

Ola Electric Mobility is a leading EV manufacturer in India, specialising in the vertical integration of technology and manufacturing for EVs and their components, including battery cells.

Its operations are centred around the Ola Future factory, where production of EVs and critical components like battery packs, motors, and vehicle frames are undertaken. Ola's R&D efforts span India, the UK, and the US, focusing on innovation in EV products and core components.

Ola is also developing an extensive EV hub in Tamil Nadu, which includes the Ola Future factory and the upcoming Ola Gigafactory. This hub is supported by Ola's Bengaluru-based Battery Innovation Centre (BIC), dedicated to advancing cell and battery technology.

The company maintains a direct-to-customer distribution network with more than 750 experience centres across India, as well as a robust online presence, making Ola Electric the largest company-owned network of automotive experience centres in the country.

For more details about the company, you can have a look at Ola Electric factsheet and quarterly results on our website.

You can also compare with its peers:

Ola Electric Mobility vs Bajaj Auto

Ola Electric Mobility vs Eicher Motors

Ola Electric Mobility vs Hero MotoCorp

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...