On December 26, Ola Electric witnessed a significant milestone as its stock surged by over 6% in the initial hours of trading. This remarkable growth highlights the burgeoning success of the electronic vehicle startup, under the leadership of Bhavish Aggarwal.

Ola Electric Achievement

Motivated by its achievements, Ola Electric has announced the opening of 3,200 new stores across India. With this expansion, the company has increased its network of showrooms and service centers to a total of 4,000, reflecting its commitment to strengthening its market presence and customer support infrastructure.

During intraday trading on the Bombay Stock Exchange (BSE), Ola Electric's stock value climbed by 6.2%, reaching ₹99.90. This sharp increase signifies growing investor confidence in the company’s vision and operations. At the time of writing, Ola Electric's market capitalization stood at an impressive ₹42,141.07 crore.

Company Rapid Growth 

The company's rapid growth in both market performance and operational capacity aligns with the broader trend of rising adoption of electric vehicles (EVs) in India. Ola Electric has become a strong player in the electric vehicle sector today.

This strategic expansion, coupled with strong financial performance, indicates that Ola Electric is well-poised to lead the EV revolution in India. Its growing network is expected to enhance customer accessibility and satisfaction, further solidifying its position in the competitive EV market.

Ola Electric Debut

Ola Electric made its debut on August 9 with Dalal Street in condition of flat listing at INR 75.99. While the issue price of the IPO was Rs 76 per share. Big news related to the Ola Electric company has come out. On 26 December 2024, the company made a profit of more than 6% in the initial hours of trading. All this has happened under the leadership of Bhavish Aggarwal. Bhavish Aggarwal is the CEO of Ola Cab company today and this is a big news from company side for EV Sector.