Ola Electric shares surge as much as 5% after market share increases in December

Shares of electric two-wheeler maker Ola Electric rose as much as 5.3% to hit an intraday high of ₹38.16 on the National Stock Exchange after the company informed exchanges that its market share increased in December. On the BSE, Ola Electric shares climbed as much as 5% to hit an intraday high of ₹38.10.

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 2nd 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 Electris 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.

“Our priority has been to fix the fundamentals of service with speed and discipline. Hyperservice is a structurally focused program, not a short-term fix, and we are already seeing clear outcomes in customer experience, market share, and bookings momentum. As service metrics stabilize, early indicators point to an improvement in demand. With the rollout of 4680-cell vehicles and upcoming BESS deliveries, we are strengthening both our near-term execution and long-term technology roadmap. We believe this positions Ola Electric for sustained growth with improving operational leverage,” said Bhavish Aggarwal, Chairman and Managing Director, Ola Electric.

Ola Electric shares ended 3.89% higher at ₹37.65, outperforming the NIFTY50 index which ended on a flat note.