Ola Electric shares surged 10% on Friday, extending gains for a second straight session, after the company reported an improvement in vehicle sales and a month-on-month rise in market share in December 2025.
The stock opened at ₹37.89 and climbed more than 10% to hit an intraday high of ₹41.20, its highest level in nearly a month, before ending the session at ₹41. Earlier, the shares had touched a peak of ₹41.80 on December 2. Since then, the stock had remained under pressure, sliding to a record low of ₹30.76 on December 18 amid weak sales volumes and concerns around after-sales service issues, delivery delays, and the company’s growing focus on non-vehicle businesses such as energy storage.
The recent recovery in the share price began on Thursday after Ola Electric reported an improvement in its December 2025 vehicle sales, which rose to 9,020 units from 8,436 units in November. The company’s share of the overall electric two-wheeler market also increased to 9% from 7% in November 2025. The EV maker said its market share further climbed to nearly 12% in the second half of December.
Resolving After-Sales Bottlenecks
Ola Electric attributed the improvement in sales and market share expansion to the rollout of new service centre options with dedicated Hyperservice features launched in December, including same-day delivery services aimed at addressing service delays and improving customer experience. The company said it has deployed a 250-member rapid-response team of skilled technicians across high-backlog regions, helping improve resolution timelines and clear legacy issues.
Strong Growth in Key Regional Markets
“77% of its service requests were completed on the same day in December,” Ola Electric said in a release on Thursday. The company also said it has reclaimed its position among the top three EV players in nearly a dozen states, including key electric vehicle markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana.
