Ola Electric Mobility shares surged as much as 8.2% on Monday to ₹44.28, extending a strong 16% rally in early 2026 as investors responded positively to signs of business turnaround. The momentum reflects renewed confidence in the company's strategic reset after months of service backlogs and operational challenges.

Service Transformation Shows Early Results

The company's Hyperservice program has delivered measurable improvements in customer experience and operational efficiency. This focused service transformation initiative was launched to address service delays and structural execution challenges that had previously impacted customer satisfaction.

According to the company's January 1 statement, Hyperservice has positioned Ola Electric for sustained business turnaround driven by improving customer experience, rising demand, and disciplined operational execution.

Market Share Gains Signal Recovery

VAHAN data reveals significant market share improvements for Ola Electric in December. The company registered 9,020 units, lifting its market share to 9.3% from 7.2% in November 2025. Notably, share in the second half of December climbed nearly to 12%, indicating accelerating momentum.

The company regained top-three position among EV players in nearly a dozen states during December, including key markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana. In southern India, Ola expanded its share by approximately 2.5 percentage points between November and December, with Bengaluru alone contributing roughly 4 percentage points of gain.

Product Innovation and Operational Progress

Ola Electric has commenced deliveries of its 4680 Bharat Cell-powered S1 Pro+ 5.2 kWh scooters, which began in November 2025. The new models have received strong early demand and obtained government certification in December, supporting the company's technology roadmap advancement.

Bhavish Aggarwal, Chairman and Managing Director, emphasized the structural nature of improvements: "Our priority has been to fix the fundamentals of service with speed and discipline. Hyperservice is a structurally focused programme, not a short-term fix, and we are already seeing clear outcomes in customer experience, market share, and bookings momentum."

Financial Performance Shows Mixed Signals

For the July-September quarter of FY26, Ola Electric reported financial results reflecting its turnaround phase. While challenges remain, certain metrics showed improvement compared to the previous year.

Significantly, the auto segment achieved positive EBITDA margin of 0.3% in Q2 FY26, compared with -5.3% previously, marking its first quarter of profitability in the core business. This milestone demonstrates progress toward sustainable operations despite overall losses.

Market Outlook

Markets appear to be rewarding early signs of stabilization and execution discipline, even as the company works to sustain momentum beyond early 2026. The combination of improved service metrics, market share gains, and operational progress has restored investor confidence in Ola Electric's turnaround strategy. With upcoming BESS deliveries and continued rollout of 4680-cell vehicles, the company is positioning itself for sustained growth with improving operational leverage.

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.