Ola Electric Mobility Ltd

Ola Electric today announced the launch of the new S1 X+ 5.2 kWh, powered by its indigenously developed 4680 Bharat Cell. With this, the company is bringing its advanced in-house cell technology to the mass market, making long range EV scooters accessible for every Indian. Launched at an introductory price of Rs 1,29,999 valid till 15th April, S1 X+ 5.2 kWh marks a major milestone in Ola Electric's journey to drive adoption of high-performance EV technology at scale. This move underscores Ola Electric's vertical integration across cell development, battery pack engineering, and vehicle manufacturing, enabling it to rapidly scale breakthrough technology across segments. The S1 X+ 5.2 kWh brings together strong performance, everyday practicality, and advanced technology in one package. Powered by an 11 kW mid-drive motor with integrated MCU, the scooter delivers a 320 km IDC range and a top speed of 125 km/h. It also comes equipped with Brake-by-Wire and front disc brakes, offering improved control and braking performance.

The stock has rallied 35.86% over the past three sessions and has surged 84.54% from its record low of Rs 21.21 hit on 2 March 2026, indicating a sharp improvement in investor sentiment. The recent momentum follows a series of positive developments. The company announced the readiness of its indigenously developed 46100 format LFP battery cell, marking progress in its battery innovation roadmap. Ola Electric is also scaling up its gigafactory operations and expanding battery manufacturing capacity. It recently reduced prices of its flagship Roadster X+ 9.1 kWh electric motorcycle, supported by improved cost efficiencies from higher cell production. Operationally, the company has reported a recovery in demand. Registrations rose over 150% month-on-month to 10,117 units in March 2026, while daily orders crossed 1,000 units in the final week of the month. The company also crossed 1 million cumulative registrations in March, becoming the first EV manufacturer in India to reach this milestone, according to VAHAN data. Ola Electric Mobility is an Indian electric vehicle manufacturer focused on vertically integrating technology and manufacturing across EVs and key components, including battery cells. The company's net loss widened to Rs Rs 487 crore in Q3 FY26 compared with Rs 418 crore in Q3 FY25. Revenue from operations declined 55% YoY to Rs 470 crore from Rs 1,045 crore.

ITI Ltd, Apollo Micro Systems Ltd, Sterlite Technologies Ltd and HFCL Ltd are among the other gainers in the BSE's 'A' group today, 09 April 2026.Ola Electric Mobility Ltd soared 16.11% to Rs 35.17 at 11:44 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 263.15 lakh shares were traded on the counter so far as against the average daily volumes of 88.9 lakh shares in the past one month. ITI Ltd surged 12.35% to Rs 299.7. The stock was the second biggest gainer in 'A' group. On the BSE, 11.65 lakh shares were traded on the counter so far as against the average daily volumes of 6.86 lakh shares in the past one month. Apollo Micro Systems Ltd spiked 11.90% to Rs 232.7. The stock was the third biggest gainer in 'A' group. On the BSE, 5.77 lakh shares were traded on the counter so far as against the average daily volumes of 3.9 lakh shares in the past one month. Sterlite Technologies Ltd jumped 8.82% to Rs 218.3. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.97 lakh shares in the past one month. HFCL Ltd rose 7.20% to Rs 80.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 23.29 lakh shares were traded on the counter so far as against the average daily volumes of 13.31 lakh shares in the past one month.

Ola Electric Mobility today announced that it has received the Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for its Roadster X+ 11 kW 4.5 kWh from the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme). With this, Roadster X+ 4.5 kWh becomes the first motorcycle in the Roadster portfolio to receive PLI certification, marking a significant milestone in the company's expansion into the electric motorcycle segment. T he certification confirms a minimum Domestic Value Addition (DVA) compliance for Roadster X+ 4.5 kWh. The model is eligible for incentives under the PLI-Auto Scheme for all Roadster X+ 4.5 kWh units.

The daily orders exceed 1,000 units in the last week of March, signaling strong demand momentum. Market share also witnessed a V-shaped M-o-M recovery, with the company continuing to gain share through the month. The company said that this demand recovery is being driven by a structural transformation in service operations. Over 80% of vehicles are now serviced on the same day, enabled by improved parts availability, faster diagnostics, and tighter operational control across the network. Following a period of service challenges in recent months, the company has implemented deep operational changes, resulting in significantly improved turnaround times and customer experience, strengthening customer trust and driving demand. Ola Electric spokesperson said, 'We are seeing a clear inflection in demand, with daily orders scaling steadily through March and accelerating meaningfully in the final weeks. This momentum is being driven by the structural improvements in our service operations, which are now delivering faster turnaround times and a significantly better ownership experience. As customer confidence strengthens, we are seeing stronger conversion across our portfolio, giving us confidence that this recovery will further sustain and scale.' Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. The company's net loss widened to Rs Rs 487 crore in Q3 FY26 compared with Rs 418 crore in Q3 FY25. Revenue from operations stood at Rs 470 crore, registering de-growth of 55.0% from Rs 1,045 crore.

 Ola Electric Mobility today announced the launch of its Navratri Mahotsav, a limited period festive campaign offering benefits of over Rs 30,000 across its S1 scooter and Roadster motorcycle portfolio. As part of the nine-day celebration of Chaitra Navratri, the company has rolled out a range of offers including cash discounts, extended warranty, and instant cashback options. Adding to the festive momentum, Ola Electric will also host daily 90-minute Muhurat windows featuring limited units of select models at special, limited-time prices. Building on a strong customer response to its recently introduced upgrade initiative, Ola Electric has also announced the expansion of its Ola Insider Upgrade Program to 60% of its customer base across India. Initially launched as a pilot in select cities, the program has seen thousands of enquiries and will now be scaled to cover all Gen 1 and Gen 2 Ola Electric customers, enabling them to seamlessly upgrade to the company's latest Gen 3 products. Starting today, Ola Electric is rolling out a suite of limited-period festive offers across its portfolio: Festive Benefits on S1: Customers can avail a ₹9,999 cash discount along with an 8-Year Extended Warranty across the S1 range during the nine auspicious days of Navratri. Roadster Range: The Roadster motorcycles will be available at revised prices, complemented by an 8-Year Extended Warranty. Muhurat Mahotsav: Each day will feature a 90-minute Muhurat window with limited units of the S1 Pro+ 4 kWh priced at ₹99,999 and the Roadster X+ 4.5 kWh at ₹79,999. Cashback: Up to ₹10,000 instant cashback on EMIs on select credit cards Ola Electric currently offers a comprehensive portfolio of Gen 3 S1 scooters and Roadster motorcycles. The premium S1 Gen 3 range includes the S1 Pro+ in 5.2kWh and 4kWh configurations and the S1 Pro in 4kWh and 3kWh configurations, priced at ₹1,80,338, ₹1,60,338, ₹1,39,999, and ₹1,19,999 respectively. The mass-market S1 X lineup includes the Gen 3 S1 X+ (4kWh) and Gen 3 S1 X in 2kWh, 3kWh, and 4kWh variants, priced at ₹1,09,999, ₹84,999, ₹88,999, and ₹1,04,999 respectively. The Roadster motorcycle portfolio includes the Roadster X+ in 9.1kWh and 4.5kWh configurations priced at ₹1,89,999 and ₹1,29,999 respectively, and the Roadster X in 2.5kWh, 3.5kWh, and 4.5kWh configurations priced at ₹99,999, ₹1,09,999, and ₹1,24,999 respectively.  Powered by Capital Market - Live

Ola Electric today announced the Champions Edition of its flagship 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) scooter and Roadster X+ (9.1 kWh) motorcycle to commemorate India's historic third ICC Men's T20 World Cup victory. The limited Champions Edition will be available at the company stores and website from tomorrow till the end of April 2026. With the Champions Edition, the company aims to give fans a way to hold on to that moment and celebrate it every day. The Champions Edition S1 Pro+ and Roadster X+ feature a vibrant blue livery at no extra cost, marking the country's third T20 World Cup triumph, and celebrating the passion of millions of Indian fans. Powered by Capital Market - Live

Deliveries stood at 32,680 units in Q3 FY26, down 61.1% YoY from 84,029 units and down 37.9% QoQ from 52,666 units. Premium deliveries fell 79.3% YoY to 6,065 units and declined 54.8% QoQ. Mass segment deliveries dropped 51.4% YoY and 32.2% QoQ to 26,612 units. However, cells produced rose sharply to 72,418 units, up 90.2% QoQ from 38,080 units. On a consolidated basis, revenue from operations stood at Rs 470 crore, declining 55.0% YoY from Rs 1,045 crore and 31.9% QoQ from Rs 690 crore. Automotive and cell sales dropped 53.1% YoY and 35.5% QoQ to Rs 433 crore. Production-linked incentive income declined 69.4% YoY, though increased 94.7% QoQ to Rs 37 crore. Gross profit came in at Rs 161 crore, down 17.0% YoY and 24.4% QoQ. However, gross margin improved to 34.3%, compared with 30.9% in Q2 FY26 and 18.6% in Q3 FY25. Total operating expenses stood at Rs 432 crore, down 33.9% YoY, but up 3.8% QoQ. R&D expenses rose 124.1% YoY and 8.3% QoQ to Rs 65 crore. SG&A expenses declined 38.1% YoY and 4.4% QoQ, while other operating expenses fell 42.2% YoY but increased 5.6% QoQ. Adjusted operating EBITDA loss stood at Rs 323 crore, widening from Rs 258 crore in Q2 FY26 but improving from Rs 494 crore in Q3 FY25. Operating EBITDA margin was -68.7%, compared with -37.4% in Q2 FY26 and -47.3% a year ago. Net loss for the quarter stood at Rs 487 crore, widening from Rs 418 crore in Q2 FY26 but narrowing compared with Rs 564 crore in Q3 FY25. Cash flow from operations remained negative at Rs 575 crore in Q3 FY26, compared with a negative Rs 255 crore in Q2 FY26 and negative Rs 851 crore in Q3 FY25. Free cash flow stood at negative Rs 781 crore in Q3 FY26, compared with negative Rs 405 crore in Q2 FY26 and negative Rs 1,076 crore in Q3 FY25. In the automotive segment, revenue from operations stood at Rs 467 crore, down 55.3% YoY from Rs 1,045 crore and lower by 32.1% QoQ from Rs 688 crore. Adjusted operating EBITDA loss stood at Rs 167 crore, improving significantly from a loss of Rs 373 crore in Q3 FY25 but widening from a loss of Rs 102 crore in Q2 FY26. Adjusted EBITDA margin was -35.8%, broadly in line with -35.7% YoY, but weaker than -14.8% in Q2 FY26. In the cell segment, revenue from operations stood at Rs 9 crore, up from Rs 3 crore in Q3 FY25 and Rs 4 crore in Q2 FY26, reflecting scaling up of cell operations. Adjusted operating EBITDA loss widened to Rs 39 crore, compared with losses of Rs 8 crore in Q3 FY25 and Rs 27 crore in Q2 FY26. Adjusted EBITDA margin deteriorated sharply to -228.5%, versus -29.6% YoY and -100.0% QoQ. Ola Electric spokesperson said, Q3 FY26 marks a structural reset for Ola Electric. We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower breakeven and industry-leading gross margins. With service metrics stabilising and our Gigafactory transitioning into commercial scale deployment, we are positioned to enter the next phase of growth with significantly improved operating leverage. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Powered by Capital Market - Live

Deliveries stood at 32,680 units in Q3 FY26, down 61.1% YoY from 84,029 units and down 37.9% QoQ from 52,666 units. Premium deliveries fell 79.3% YoY to 6,065 units and declined 54.8% QoQ. Mass segment deliveries dropped 51.4% YoY and 32.2% QoQ to 26,612 units. However, cells produced rose sharply to 72,418 units, up 90.2% QoQ from 38,080 units. On a consolidated basis, revenue from operations stood at Rs 470 crore, declining 55.0% YoY from Rs 1,045 crore and 31.9% QoQ from Rs 690 crore. Automotive and cell sales dropped 53.1% YoY and 35.5% QoQ to Rs 433 crore. Production-linked incentive income declined 69.4% YoY, though increased 94.7% QoQ to Rs 37 crore. Gross profit came in at Rs 161 crore, down 17.0% YoY and 24.4% QoQ. However, gross margin improved to 34.3%, compared with 30.9% in Q2 FY26 and 18.6% in Q3 FY25. Total operating expenses stood at Rs 432 crore, down 33.9% YoY, but up 3.8% QoQ. R&D expenses rose 124.1% YoY and 8.3% QoQ to Rs 65 crore. SG&A expenses declined 38.1% YoY and 4.4% QoQ, while other operating expenses fell 42.2% YoY but increased 5.6% QoQ. Adjusted operating EBITDA loss stood at Rs 323 crore, widening from Rs 258 crore in Q2 FY26 but improving from Rs 494 crore in Q3 FY25. Operating EBITDA margin was -68.7%, compared with -37.4% in Q2 FY26 and -47.3% a year ago. Net loss for the quarter stood at Rs 487 crore, widening from Rs 418 crore in Q2 FY26 but narrowing compared with Rs 564 crore in Q3 FY25. Cash flow from operations remained negative at Rs 575 crore in Q3 FY26, compared with a negative Rs 255 crore in Q2 FY26 and negative Rs 851 crore in Q3 FY25. Free cash flow stood at negative Rs 781 crore in Q3 FY26, compared with negative Rs 405 crore in Q2 FY26 and negative Rs 1,076 crore in Q3 FY25. In the automotive segment, revenue from operations stood at Rs 467 crore, down 55.3% YoY from Rs 1,045 crore and lower by 32.1% QoQ from Rs 688 crore. Adjusted operating EBITDA loss stood at Rs 167 crore, improving significantly from a loss of Rs 373 crore in Q3 FY25 but widening from a loss of Rs 102 crore in Q2 FY26. Adjusted EBITDA margin was -35.8%, broadly in line with -35.7% YoY, but weaker than -14.8% in Q2 FY26. In the cell segment, revenue from operations stood at Rs 9 crore, up from Rs 3 crore in Q3 FY25 and Rs 4 crore in Q2 FY26, reflecting scaling up of cell operations. Adjusted operating EBITDA loss widened to Rs 39 crore, compared with losses of Rs 8 crore in Q3 FY25 and Rs 27 crore in Q2 FY26. Adjusted EBITDA margin deteriorated sharply to -228.5%, versus -29.6% YoY and -100.0% QoQ. Ola Electric spokesperson said, Q3 FY26 marks a structural reset for Ola Electric. We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower breakeven and industry-leading gross margins. With service metrics stabilising and our Gigafactory transitioning into commercial scale deployment, we are positioned to enter the next phase of growth with significantly improved operating leverage. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Powered by Capital Market - Live

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live