How it unfolded
On April 2, 2026, Ola Electric’s share price saw a significant jump, increasing as much as 9% during trading hours. The stock opened at ₹25.22 per share, a slight decline from the previous close of ₹25.89 on April 1, 2026. However, the day quickly turned positive as the stock hit an intraday high of ₹28.55, reflecting strong market interest.
The surge in share price came on the heels of Ola Electric’s announcement regarding a substantial price reduction for its popular product, the Roadster X+ 9.1 kWh. The company revealed a price cut of ₹60,000, bringing the new price to ₹1,29,999, down from ₹1,89,999. This strategic move is expected to enhance the accessibility of long-range electric mobility for consumers.
In addition to the price reduction, Ola Electric reported impressive growth metrics, including over 150% month-on-month growth in registrations for March 2026. This growth is indicative of a V-shaped recovery in the company’s market share, which had been under pressure in previous months.
Despite the recent positive developments, it is important to note that Ola Electric shares have faced significant challenges over the past year. The stock has declined by 49% in the last twelve months, and over 50.47% in the past six months. The 52-week high for Ola Electric shares was recorded at ₹71.25 on September 4, 2025, highlighting the volatility of the stock.
The spokesperson for Ola Electric commented on the strong demand for the Roadster, stating, “The response to the Roadster has been extremely strong – the bike demand during our #EndICEAge campaign has grown more than 5X, and this new pricing makes long-range electric mobility even more accessible.” This statement underscores the company’s commitment to expanding its market presence and enhancing customer engagement.
Ola Electric has also been aggressively expanding production of its indigenously designed and manufactured 4680 Bharat Cell at its Gigafactory, which is expected to support the increased demand for its electric vehicles. The company’s focus on local production aligns with broader industry trends towards sustainability and self-reliance.
As of now, Ola Electric’s share price reflects a renewed investor confidence following the announcement. The combination of a strategic price reduction and impressive growth in registrations may signal a turning point for the company. Stakeholders will be closely monitoring how these developments impact Ola Electric’s market position in the coming months.
