Ola Electric share price drops 1.5% in early trade; check latest update by the company

This offering is a part of the company’s umbrella Hyperservice initiative to deliver a transparent, convenient, and customer-first service experience.

Under Hyperdelivery, customers can now complete their purchase online or at an Ola Electric Store and ride home on the same day in their fully registered vehicles.

Earlier this year, the company announced that it had moved its vehicle registration process completely in-house. This has enabled the company to offer a much smoother and more efficient journey from purchase to delivery to its customers.

Commenting on the development, an Ola Electric spokesperson said, “Hyperservice is about offering our customers world-class ownership experiences throughout their ownership journey. Hyperdelivery adds another layer of ease and convenience for customers who want to purchase our vehicles."

The spokesperson added, "When we introduced it earlier this year, we completely changed the way Indians bought their vehicles. And today, we start offering that same ease of ownership for customers who want our 4680 Bharat Cell-powered vehicles. We have been able to do this because of our D2C and vertically integrated model that offers us a massive advantage.”

Under its customer-first experience under Hyperservice, the company recently announced the nationwide rollout of its in-app service appointment feature, enabling customers across India to seamlessly schedule service for their vehicles. Furthermore, the company also announced the scale-up of Hyperservice into an open platform that redefines EV servicing in India.

Together, these initiatives form a key pillar of Ola’s broader India Inside strategy – building open, scalable, and domestically integrated platforms across batteries, software, and now, after-sales service and delivery infrastructure.

Ola Electric's share price trend

Shares of the company are trading much below their 52-week high level of ₹100 touched on December 12, 2024. On Friday (December 12), shares of the company ended at ₹36.70 apiece on the BSE. On the NSE, the stock ended at ₹36.60.

Recent Updates

Last week, Ola Electric said it had commenced mass deliveries of its 4680 Bharat Cell power vehicles.

The S1 Pro+ (5.2 kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance, and enhanced safety.

"Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub," said a company spokesperson in a statement.