Ola Electric stock jumps almost 25% to ₹28.55 on NSE
Business
Ola Electric's stock just shot up almost 25% in two days, reaching ₹28.55 on the NSE.
The big reason? Demand for their electric vehicles is back in a big way: March saw daily orders top 1,000 and monthly registrations more than doubled compared with February.
Ola Electric crosses 1 million registrations
A lot of credit goes to Ola Electric's improved service: over 80% of vehicles now get same-day servicing, which has helped rebuild customer trust.
Plus, a hefty ₹60,000 price cut on their Roadster X+ motorcycle (thanks to cost savings at their Gigafactory) made things even more tempting.
With over 1 million total registrations now and a strong comeback in market share, Ola is cementing its spot as an electric-vehicle leader.