Ola Electric Shares Soar 16% on Turnaround Hopes, Hyperservice Boosts Confidence

Business
N
News18•05-01-2026, 15:18
Ola Electric Shares Soar 16% on Turnaround Hopes, Hyperservice Boosts Confidence
- •Ola Electric shares surged 16% in early 2026, with an 8.2% jump on Monday, as investors reacted to early signs of a business turnaround.
- •The company's "Hyperservice" program, aimed at resolving service delays and bottlenecks, shows promising results, with 77% of service requests completed same-day in December 2025.
- •Market share improved to 9.3% in December from 7.2% in November, regaining a top-three position in several key states, driven by strengthening demand.
- •Deliveries of the S1 Pro+ scooters with 4680 Bharat Cells began in November 2025, with strong early demand reported after government certification in December.
- •Financials for Q2 FY26 show a narrower net loss of Rs 418 crore and the auto segment achieved a positive EBITDA margin of 0.3%, marking its first profitable quarter at the core business level.
Why It Matters: Ola Electric's shares are rising on investor confidence in its strategic turnaround and operational improvements.
✦
More like this
Loading more articles...





