Ola Electric Mobility Limited has announced a significant business turnaround in December 2025, driven by its comprehensive Hyperservice program that has delivered measurable improvements in customer experience and market performance. The company's focused service transformation initiative is positioning it for sustained growth with rising demand and disciplined operational execution.

Market Share Recovery and Performance

The company achieved substantial market share gains during December 2025, demonstrating strong momentum in business recovery. The following table highlights the key performance metrics:

Driven by these market share gains, Ola Electric reclaimed its position among the top three EV players in nearly a dozen states, including key markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana.

Hyperservice Program Delivers Results

The company's Hyperservice program, designed to address service bottlenecks encountered during rapid scale-up, has shown significant improvements in service delivery. The program focuses on backlog resolution, workforce capacity, parts availability, and customer self-service capabilities.

Regional Performance and Product Innovation

The momentum has been particularly strong in Southern India, where the company gained 2.50 percentage points market share, with Bengaluru leading at approximately 4.00 percentage points gain during the same period.

Ola Electric commenced deliveries of its 4680 Bharat Cell powered S1 Pro+ 5.20 kWh scooters in November 2025, receiving strong early demand. The company also received government certification for its 4680 Bharat Cell powered Roadster X+ Motorcycle in December 2025, marking the beginning of in-house cell integration across its two-wheeler portfolio.

Strategic Outlook

Bhavish Aggarwal, Chairman and Managing Director, emphasized that Hyperservice represents a structural program rather than a short-term fix, with clear outcomes visible in customer experience, market share, and bookings momentum. The company expects demand momentum to continue, supported by product innovation, vertical integration, and disciplined execution, with Ola Shakti (BESS) deliveries expected to begin in the coming months.

Ola Electric Mobility Limited has announced a significant change in its senior management team with the resignation of Mr. Vishal Chaturvedi, who served as Business Head - Cell and was designated as Senior Management Personnel (SMP) of the company. The resignation takes effect from the close of business hours on December 31, 2025.

Resignation Details

The company has formally disclosed the management change through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited on December 31, 2025.

Formal Communication

In his resignation letter addressed to Bhavish Aggarwal and copied to other senior leadership members including Harish Abichandani and Lt Cdr Mithil Patkar, Chaturvedi expressed gratitude for the opportunities and experiences during his tenure. He acknowledged the trust, guidance, and support received from colleagues, stakeholders, and the leadership team, describing his journey with the company as fulfilling and professionally rewarding.

Regulatory Compliance

The company has ensured full compliance with regulatory requirements by filing the necessary documentation with stock exchanges. Company Secretary and Compliance Officer Abhishek Jain signed the disclosure documents, confirming adherence to SEBI regulations. The information has also been made available on the company's official website under the investor relations section.

Corporate Information

Ola Electric Mobility Limited, formerly known as Ola Electric Mobility Private Limited, operates with CIN L74999KA2017PLC099619. The company is headquartered in Bengaluru, Karnataka, with its registered address at Wing C, Prestige RMZ Startech, Hosur Road, Koramangala. The company trades on NSE under the symbol OLAELEC and on BSE with scrip code 544225.

The resignation represents a notable change in the company's senior management structure, particularly in the cell business division, as Chaturvedi departs to focus on personal commitments while expressing continued respect and appreciation for the organization.