Shares of Ola Electric Mobility witnessed a strong rally for the second straight session on Friday, January 2, jumping nearly 9 percent to an intraday high of ₹40.77. This move has taken the stock to its highest level in over a month. Since mid-December, Ola Electric’s shares have gained around 30.5 percent in just 10 trading sessions, sparking fresh interest among investors.

So, what’s behind this sudden boom?

Strong December sales boost confidence

The biggest trigger for the rally has been Ola Electric’s improving sales performance. The company informed stock exchanges that its market share in the electric two-wheeler segment rose to 9.3 percent in December, up from 7.2 percent in November 2025.

Ola Electric registered 9,020 electric scooters in December, and strong demand helped the company re-enter the top three EV two-wheeler brands in nearly a dozen states. These include key markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab, and Haryana. This expansion across multiple regions has reassured investors about demand stability.

Better service network through HyperService

Another major positive has been improvements in after-sales support. Ola Electric recently introduced a new service initiative called HyperService, aimed at resolving customer issues faster.

According to the company:

• 77 percent of service complaints were resolved on the same day in December 2025

• Faster service turnaround has helped improve customer experience and brand perception

This move addresses one of the biggest concerns investors previously had about Ola Electric—after-sales service quality.

New products add to optimism

Product momentum has also supported the stock:

• Deliveries of the new Ola S1 Pro+ with a 5.2 kWh battery began in November 2025

• In December, Ola Electric received government approval for its upcoming Roadster X+ electric motorcycle

These developments signal a broader product pipeline beyond scooters, which could help Ola tap new customer segments.

Energy business adds long-term potential

Ola Electric has also indicated that its energy storage business is nearing execution. Deliveries of the Ola Shakti Battery Energy Storage System (BESS) are expected to begin in the coming months, opening up an additional revenue stream beyond vehicles.

The bigger picture: recovery after a tough year

Despite the recent rally, it’s important to note that Ola Electric’s stock has had a rough 2025:

• Down nearly 58 percent over the year

• About 44 percent below its 52-week high of ₹71.25

• Nearly 75 percent lower than its post-listing peak of ₹157.40

This means the current surge is more of a recovery rally than a full turnaround—driven by improving fundamentals, better service metrics, and new product launches.