Shares of Ola Electric closed about 4 percent higher after the company reported an increase in its month-on-month (MoM) market share in December, boosting investor sentiment around its growth trajectory.
The company said it continued to strengthen its position in the electric two-wheeler segment during the month, supported by steady demand and improved execution across sales and distribution. The higher market share indicates improving traction despite a competitive EV landscape.
Energy business to scale up
Apart from its core EV business, Ola Electric also highlighted progress in its energy vertical. The company said its battery energy storage systems (BESS) business is expected to scale up, with deliveries likely to begin in the coming months. This marks a key step in Ola Electric’s strategy to diversify beyond electric vehicles and tap into the fast-growing clean energy storage space.
Investor takeaway
The update on rising market share and the upcoming rollout of battery energy storage solutions helped lift investor confidence, leading to gains in the stock. Market participants are increasingly tracking how the energy business contributes to overall revenues and long-term profitability.
Going ahead, continued momentum in EV sales, successful execution in the energy segment, and clarity on scaling plans will remain key factors influencing Ola Electric’s stock performance.
