Ola Electric Shares Soar 4% on December Market Share Surge

• Ola Electric shares settled 4% higher after reporting increased month-on-month market share in December.
• Market share grew to 9.3% in December from 7.2% in November, with 9,020 units registered.
• Market share in the second half of December reached nearly 12%, indicating improved demand.
• Company deployed a 250-member rapid response team and began deliveries of 4680 Bharat Cell-powered S1 Pro+ 5.2 kWh scooter.
• Received government certification for 4680 Bharat Cell-powered Roadster X+ motorcycle and expects energy business scale-up.

Why It Matters: Ola Electric's stock surged due to significant market share gains and strategic product developments in December.