Ola Electric Mobility shares surge over 20% in three sessions, here is why

Shares of the electric two-wheeler maker Ola Electric Mobility rose for a third straight session on Monday, January 5. In the last three trading sessions, the stock has advanced as much as 22% to hit an intraday high of ₹44.28 on the BSE. In the intraday deals, Ola Electric shares advanced as much as 8.24% amid higher than usual trading volumes.

Ola Electric shares came under buying interest after the company informed exchanges that its market share increased in December.

Ola Electric informed exchanges that its market share in December increased to 9.3% from 7.2% in November as 9,020 units got registered in December as per VAHAN data. In addition to this, the company’s market share in second half of December 2025 (as per VAHAN data) further increased to nearly 12%, indicating a clear uptick in demand and market share gains, Ola Electric said.

"Driven by market share gains and demand boost in the month of December 2025, Ola Electric reclaimed its position among the top three EV players in nearly a dozen States, including key EV markets such as Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana," Ola Electric said in a press release.

The company initiated Hyperservice after it faced service bottlenecks amid rapid scale-up to strengthen its service backbone. The programme is designed to directly address backlog resolution, workforce capacity, parts availability, and customer self-service - key levers to unlock demand momentum at scale. The program delivers significant improvement in service resolution speed, with 77% of service requests experiencing same day completion in December 2025.

Ola Electric added that service improvements are beginning to translate into tangible commercial traction.

"While Ola Electric has expanded its market share by 2 percentage points at a pan-India level between November and December 2025, the momentum has been particularly strong in Southern India, where the company gained 2.5 percentage points, led by Bengaluru with about 4 percentage points market share gain during the same period (as per VAHAN). The company is focused on sustaining this trajectory into the next quarter as service metrics continue to stabilize across regions," Ola Electric said.

Meanwhile, Ola Electric shares were witnessing higher than usual trading activity. As many as 24.25 crore shares changed hands on the National Stock Exchange compared with an average trading volume of 10.10 crore shares.

On the BSE, 2.6 crore shares changed hands compared with an average of 92 lakh shares traded daily in the past two weeks.

As of 1:23 pm, Ola Electric shares 6.09% higher at ₹43.40, outperforming the BSE500 index which was down 0.11%.