Ola Electric unveiled its new Roadster Series of electric motorcycles at its annual Sankalp event on August 15th, marking the company’s entry into the electric motorcycle market.
Ola Electric’s stock continues its upward trajectory, hitting the upper circuit limit for another day. The share price is now tantalizingly close to doubling its IPO value, with investors who held on to their shares reaping significant gains. The electric vehicle maker’s shares have surged by 40% in the past week alone, trading at nearly ₹6 below the double-IPO price mark. The initial public offering (IPO) was priced at ₹76 a share.
Ola Electric’s stock price surge continues as circuit limits are reduced from 20% to 10%. The electric vehicle maker’s shares have almost doubled since their IPO, just six trading days after listing.
Despite being loss-making, Ola Electric currently dominates India’s electric two-wheeler market. However, the company’s foray into sales warrants careful scrutiny. Given the global decline in vehicle prices, it remains uncertain whether Ola’s sales venture will provide a significant competitive advantage compared to its peers. Successful execution will be crucial for Ola to capitalize on this new business line.
Ola Electric Mobility Share Price :
Ola Electric has officially entered the electric motorcycle market with the launch of its highly anticipated Roadster Series. Unveiled at the company’s annual ‘Sankalp 2024′ event on Independence Day, the series’ debut model, the Roadster Pro, is set to hit the market with a price tag ranging from ₹1.99 lakh to ₹2.49 lakh. Customers can expect to get their hands on the Roadster Pro starting Diwali 2025.
The next bike in the series, the Roadster, will be launched with introductory prices starting at ₹1.05 lakh and going up to ₹1.39 lakh. Deliveries are scheduled to commence from January 2025.
Ola Electric has expanded its lineup with the launch of the Roadster X electric motorcycle. Priced competitively between ₹74,999 and ₹99,999, the Roadster X is set to hit the road in January 2025. Customers can now pre-book this model, along with the other recently unveiled Roadster variants.
