Shares of Ola Electric Mobility Limited closed at ₹34.41 on Monday, marking a decline of 3.07 per cent from the previous close of ₹35.50. During the trading session on the National Stock Exchange (NSE), the stock reached an intraday high of ₹36.44 before settling lower, with trades involving over 761 lakh shares valued at ₹263 crore.
On Saturday, the company announced the initiation of mass deliveries for vehicles that utilize its indigenously manufactured 4680 Bharat Cell. The S1 Pro+, which features a 5.2kWh battery pack, is the first model to incorporate these cells, establishing Ola Electric as India’s first company to completely manage in-house battery pack and cell manufacturing.
The new S1 Pro+ boasts a range of 320 km and accelerates from 0 to 40 kmph in just 2.1 seconds, while also featuring dual ABS and four riding modes. The vehicle is priced at ₹1,90,338.
Despite achieving this product milestone, Ola Electric’s shares have faced considerable challenges throughout the year. The stock has decreased by 60 per cent year-to-date and has fallen 64 per cent from its 52-week high of ₹100.40, reached in December 2024. On Monday, the stock hit a new 52-week low of ₹33.60. It has been one of the underperformers within the smallcap sector, with nearly 25 per cent of Nifty 500 stocks currently showing drawdowns exceeding 30 per cent.
Ola Electric operates more than 4,000 stores across India and has expanded its offerings, which now include S1 scooters and Roadster X motorcycles produced at its facility in Tamil Nadu.
Published on December 8, 2025.
