The rally comes after the pure-play electric two-wheeler major registered 9,020 units in December, as per VAHAN data, leading to a month-on-month increase in market share to 9.3% in December from 7.2% in November 2025. Additionally, its market share in the second half of December 2025 further rose to nearly 12%, indicating a clear acceleration in demand and sustained market share gains during the latter part of the month.
“Driven by market share gains and demand boost in the month of December 2025, Ola Electric reclaimed its position among the top three EV players in nearly a dozen States, including key EV markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana,” the company said in a regulatory filing.
While Ola Electric expanded its pan-India market share by 2 percentage points between November and December 2025, the momentum was particularly strong in Southern India. The region saw a market share gain of 2.5 percentage points during the period, led by Bengaluru, where the company added around 4 percentage points of market share, as per VAHAN data.
Ola Electric began deliveries of its 4,680 Bharat Cell-powered S1 Pro+ 5.2 kWh scooters in November 2025 and has seen strong early demand for the model, it said. In addition, the company received government certification in December 2025 for its 4680 Bharat Cell-powered Roadster X+ motorcycle, extending the in-house cell platform across both scooters and motorcycles. This marks the start of in-house cell integration across Ola Electric’s two-wheeler portfolio, a key long-term lever for margins and supply-chain resilience.
Live Events
In Q2, Ola’s consolidated loss narrowed to Rs 418 crore, compared to a loss of Rs 495 crore in the year-ago period. The company said its consolidated total revenue from operations for the second quarter of FY26 stood at Rs 690 crore, reflecting a 43% year-on-year (YoY) decline compared to Rs 1,214 crore reported in the September 2024 quarter.
For the second half of FY26, the company targets total deliveries of about 100,000 units. Consolidated revenue for FY26 is projected at around Rs 3,000–3,200 crore, with a continued focus on profitability over volume growth. The auto segment’s gross margins are expected to reach about 40% by Q4, with segment EBITDA of around 5%.At present, Ola Electric shares are trading 54% below its 52-week high of Rs 88.59 it hit on the same day last year. The stock trades significantly lower from its all-time high of Rs 157.40.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)