Goldman Sachs has reiterated its bullish stance on Ola Electric, maintaining a buy call on the stock with a target price of ₹72 per share. At the current market price of ₹60.21, the target implies an upside of nearly 20 percent.
The brokerage highlighted that Ola Electric’s new Gen 3 scooter platform and an expanded service infrastructure are expected to support a strong 30–35 percent market share in India’s fast-growing electric two-wheeler segment. Goldman Sachs further pointed out that the company has shifted its strategic focus towards developing 5 GWh of in-house cell production capacity, revised from its earlier plan of 20 GWh, in a move aimed at aligning capacity with near-term demand visibility.
Importantly, Goldman expects the company’s auto business to achieve EBITDA breakeven in FY26, underscoring the improving fundamentals and growth visibility for the EV maker.
Ola Electric shares closed at ₹60.21, leaving room for potential gains against the brokerage’s revised target.
Disclaimer: The views and investment recommendations expressed above are those of Goldman Sachs. They do not represent the views of this publication. This article is for informational purposes only and is not investment advice.
