Ola Electric Share Price Jump 16% After LFP Battery Update And Strong Sales Recovery

Ola Electric Mobility share price jumped over 16% in intraday trade to around ₹35, extending gains for the second day. The stock has risen over 20% in 2 sessions, even as the broader market fell.

However, the stock is still down 53% from its 52-week high of ₹71.24.

New Battery Technology Boosts Sentiment

The rally came after the company announced that its in-house Lithium Iron Phosphate (LFP) battery cell is ready.

Key highlights:

• New 46100 LFP cell is larger and more cost-efficient
• Will be used in vehicles starting next quarter
• Supports both EVs and energy storage solutions

This marks a major step in the company’s plan to build a complete EV and energy ecosystem.

Gigafactory Expansion Progress

The company continues to scale its battery manufacturing.

• Thousands of vehicles already use its 4680 Bharat Cells
• Current Gigafactory capacity: 2.5 GWh
• Planned expansion: 6 GWh

The LFP battery is expected to reduce vehicle costs and increase EV adoption.

Strong Sales and Market Share Recovery

Recent operational data also supported the rally.

• Vehicle registrations jumped 150% YoY in March
• Registrations rose to 10,117 units, up from 3,973 in February
• The company reported a V-shaped recovery in market share

Service improvements also helped:

• 80% of vehicles now serviced the same day

Read More: India’s E-commerce Market Could Reach $250 Billion by 2030 Amid Changing Consumer Behaviour!

Price Cut Adds to Optimism

Investor confidence increased after a ₹60,000 price cut for the flagship Roadster X+ motorcycle.
The price reduction reflects:

• Better economies of scale
• Stronger vertical integration
• Focus on making EVs more affordable

Ola Electric Share Price Movement

Ola Electric Mobility share price has fallen 34% over the past year and are down 16% in the last 3 months, but the stock has recovered 42% in 1 month, signalling improving investor sentiment.

Conclusion

Ola Electric’s rally is driven by battery innovation, rising sales, improved operations and price cuts. While the stock remains below its peak, recent developments have renewed investor confidence in its long-term EV strategy.

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