Overview
- The stock closed at ₹36.34 Thursday after touching its 20% upper circuit, with over 42 crore shares traded and market value near ₹16,029 crore.
- Ola said Tuesday it has a ready 46100 Lithium Iron Phosphate cell that will start going into its vehicles next quarter, targeting cheaper, safer packs and wider use in mobility and storage.
- The company is expanding its Ola Gigafactory from 2.5 GWh of annual capacity toward 6 GWh to support in‑house cell production.
- Recent steps to lift demand include PLI certification for the Roadster X+ 4.5 kWh and a 31% price cut on the 9.1 kWh variant to lower upfront costs for buyers.
- Registrations rose 139% month over month in March to 9,496 with market share above 5%, though December‑quarter revenue fell 55% and unit sales dropped 61%, leaving the stock still below its IPO price.