Ola Electric Mobility Targets Full Transition to In-House Battery Cells by September 2026

Ola Electric plans to use internally manufactured battery cells across its entire vehicle portfolio by September 2026, according to a shareholder communication released on May 21 by Chairman and Managing Director Bhavish Aggarwal. 

The company said around 15% of its current orders are linked to vehicles powered by its 4680 Bharat Cells. These cells are already being used commercially in Ola Electric vehicles. Its Gigafactory currently operates at 2.5 GWh capacity.  

Installation work for expansion to 6 GWh has largely been completed, with commercial production from the additional capacity expected by the end of the current quarter. 

Q4 Margins and Cash Flow 

Ola Electric reported a consolidated gross margin of 38.5% in the 4th quarter of FY26. The figure stood at 34.3% in the previous quarter and 13.7% in the corresponding quarter last year. 

The company recorded consolidated cash flow from operations of ₹91 crore during the quarter, its first operating cash-flow positive quarter. Its automotive business generated ₹213 crore in operating cash flow and ₹173 crore in free cash flow. 

Consolidated operating expenditure declined to ₹428 crore in Q4 FY26 from ₹844 crore a year earlier. Ola Electric said quarterly operating expenditure is expected to reduce further to around ₹350 crore over the next few quarters. 

Registrations and Operational Metrics 

According to the shareholder letter, April vehicle registrations rose 20% month-on-month, while the broader electric 2-wheeler market declined by more than 22% during the same period. 

Service turnaround time declined by 88%, while same-day closures reached 87%. Parts pendency reduced by 69%, and Gen 3 warranty costs were down 70% compared with Gen 2 products. 

Motorcycle and Energy Storage Business 

Ola Electric said its Roadster motorcycle platform contributed 15% of April gross orders. The company also said it holds around 50% share in the electric motorcycle segment. 

Apart from mobility, Ola Electric is expanding its energy storage business through its Shakti and Mahashakti platforms. The company said Shakti has generated more than 50,000 customer leads so far. 

Read More: Maruti Suzuki India to Raise Vehicle Prices by Up To ₹30,000 From June 2026! 

Ola Electric Share Price Performance  

As of May 22, 2026, 2:18 pm, Ola Electric Mobility Ltd share price was trading at ₹36.10, up 1.66% from the previous closing price. 

Conclusion  

Along with scaling battery production, Ola Electric continues to focus on reducing operating costs, improving service metrics, and expanding newer business segments. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.