Ola Electric Mobility has introduced the Roadster X electric motorcycle in India as part of its comprehensive year-end achievements for 2025, marking a significant milestone in the company's expansion beyond scooters into the motorcycle segment.

Roadster X Launch and Product Innovation

The Roadster X has been positioned as India's next-generation EV motorcycle designed to make electric motorcycling accessible to all Indians. The launch represents the company's strategic expansion into the motorcycle segment, complementing its existing scooter portfolio. Alongside the motorcycle launch, the company rolled out MoveOS 5, which enhanced the riding experience through over-the-air updates, delivering sharper, faster, and more intuitive functionality to every rider.

Indigenous Battery Technology Breakthrough

A major technological achievement for 2025 was the development of India's first dry electrode cell - the 4680 Bharat Cell - built entirely from the ground up. The company began deliveries of 4680 Bharat Cell-powered scooters across Karnataka, Kerala, Tamil Nadu, and Telangana, with expansion plans for the rest of India. This development marks the first deployment of indigenously built cell technology on Indian roads.

The year concluded with government certification for the Roadster X+ 9.1KWh powered by the 4680 Bharat Cell, offering a range of up to 500.00 km on a single charge, positioning it as India's longest-range EV.

Customer Experience and Service Enhancement

The company introduced several customer-focused initiatives throughout 2025. The Ola Muhurat Mahotsav, described as India's most exciting EV buying week during the festive season, experienced daily sell-outs within minutes. The launch of Hyperdelivery service enabled same-day or next-day scooter delivery, streamlining the EV upgrade experience.

Market Position and Community Growth

The company's community growth crossed 1.00 million members in 2025, establishing it as India's largest EV and energy community. The company also diversified into energy storage with the launch of Ola Shakti, India's most advanced Residential Battery Energy Storage System, bringing clean power solutions to homes.

Ola Electric Mobility shares surged as much as 9% to hit an intraday high of Rs 40.77 on January 2, 2026, extending the stock's strong start to the new year with gains of over 12% in just two trading sessions. The rally follows the company's impressive December performance, which saw 9,020 vehicle registrations and a significant market share recovery.

Market Share Recovery Drives Momentum

The electric vehicle manufacturer's market share increased to 9.3% in December from 7.2% in November 2025, marking a notable 2 percentage point improvement. The momentum was particularly strong in the second half of December, with market share climbing to nearly 12%, indicating clear acceleration in demand and sustained market share gains.

Regional Performance Shows Strong Growth

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 according to VAHAN data.

Driven by market share gains and increased demand in 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.

Product Portfolio and Technology Integration

The company 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. Additionally, Ola Electric 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, representing a key long-term lever for margins and supply-chain resilience.

Financial Performance and Outlook

In the second quarter, Ola Electric's consolidated loss narrowed to Rs 418.00 crore, compared to a loss of Rs 495.00 crore in the year-ago period. The company's consolidated total revenue from operations for the second quarter stood at Rs 690.00 crore, reflecting a 43% year-on-year decline compared to Rs 1,214.00 crore reported in the September 2024 quarter.

For the second half of the financial year, the company targets total deliveries of about 100,000 units. Consolidated revenue 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 the fourth quarter, with segment EBITDA of around 5%.

Stock Performance Context

At present, Ola Electric shares are trading 54% below their 52-week high of Rs 88.59 hit on the same day last year. The stock trades significantly lower from its all-time high of Rs 157.40, indicating substantial room for recovery as operational metrics improve.