Ola Electric's shares rise 10% on NSE and BSE after electric motorcycle launch, despite higher loss.
Ola Electric's shares surged 10% on 19 August, hitting the upper circuit on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This follows the company's entry into the electric motorcycle segment with the launch of three models and plans for two more. The company's revenue for the April-June quarter of the 2024-25 fiscal year increased significantly. Despite a higher consolidated loss of Rs 347 crore for the same period compared to the previous year, investor interest in the electric vehicle market, coupled with Ola Electric's ambitious growth goals and potential in the rapidly changing EV market, continues to drive share price appreciation. To maintain this momentum, Ola Electric will need to focus on increasing output, maintaining product quality, and entering new markets while consistently innovating and executing its strategy in the competitive EV industry.