Ola Electric Share Price in Focus; Company in Talks with Global Automakers for Battery Cell Supply

As per PTI news report, Ola Electric is exploring partnerships with several domestic and international automobile manufacturers to supply lithium-ion battery cells and battery packs from its Krishnagiri gigafactory as the company is on the path to expand beyond internal electric scooter demand. 

Gigafactory Expansion Plans Underway 

Ola Electric currently operates the only active gigafactory of India with an installed capacity of 6 GWh. With its subsidiary Ola Cell Technologies, the company has commercially deployed its 4680-format Bharat Cell at scale. 

The company is now accelerating capacity expansion. Manufacturing capacity is reportedly expected to surge to 12 GWh by July 2027 and further rise to 20 GWh by the end of FY28. 

Around 6.5 GWh, which is equivalent to nearly one-third of the planned 20 GWh capacity, is expected to be reserved for third-party sales to automotive OEMs. 

If finalised, the partnerships would position Ola as a supplier to India’s broader EV and energy storage ecosystem instead of serving only its captive vehicle requirements. 

Battery Business Expanding Beyond Scooters 

The company informed investors in February 2026 that it had invested nearly ₹5,300 crore across manufacturing, battery technology, cell development and research and development. Ola also said most of its planned investment cycle had already been completed. 

The latest expansion strategy suggests that Ola expects rising battery demand beyond its vehicle business. The company launched its Ola Shakti home energy storage system in October 2025, with deliveries beginning in January 2026. 

Ola previously stated that annual battery demand from the Ola Shakti platform alone could scale up to nearly 5 GWh within the next few years. 

Read More: Ola Electric Share Price in Focus; April Registrations at 12,166: Up Over 20% MoM 

OLA Electric Share Price Performance 

As of 15 May 2026, at 11:11 AM OLA Electric share price is trading at ₹36.00 per share, reflecting a decline of 0.17% from the previous closing price. 

Conclusion 

Ola Electric is increasingly positioning itself as a large-scale battery manufacturing player as it expands production capacity, explores external supply partnerships and strengthens its role in India’s growing EV and energy storage market.  

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