Ola Electric Mobility Ltd.OLAELEC₹52.75 +5.00%

Shares of Ola Electric Mobility Ltd. hit the 5% upper circuit at ₹52.75. The surge follows an announcement from the company’s Promoter and CMD regarding a new “non-vehicle product” launch, scheduled to be named “Ola Shakti”.

The product, described as turning “Power… into Deep Tech – intelligent, portable, and personal,” will be officially unveiled on October 16, 2025, a day earlier than initially planned. This move into the energy space, distinct from its core vehicle business, is seen by the market as a major strategic diversification, leveraging Ola’s deep investment in battery technology. The anticipation surrounding the “Ola Shakti” announcement continues to fuel strong investor confidence in the company’s growth trajectory and vertical integration strategy.

About Ola Electric Mobility Limited

Ola Electric Mobility Limited is India’s leading electric vehicle (EV) manufacturer, focused on the vertical integration of technology and manufacturing for both EVs and their critical components, including battery cells. 

Ola Electric reported strong results for the quarter ended June 30, 2025, showing significant operational improvement and momentum. The company delivered a total of 68,192 vehicles during the quarter, marking a 32.7% increase sequentially. Critically, the company’s auto business turned EBITDA positive in June 2025, backed by strong gross margins that improved sharply from 13.8% in the previous quarter to 25.6% in Q1 FY26. 

Note: The stock price mentioned is as of 3:30 pm.