Ola Electric’s shares surged by over 3% following the announcement of a bold expansion plan aimed at revolutionizing the Indian electric vehicle (EV) market. The stock opened at ₹84.11, reached a high of ₹90.64, and saw a low of ₹81.20 during the day.
Bhavish Aggarwal, Ola Electric co-founder, tweeted that the company is set to increase its network from 800 to 4,000 stores by December 20, marking an unprecedented scale-up in just one month. In a groundbreaking move, all 4,000 stores will open simultaneously, setting a record for the largest single-day store launch globally.
Each new outlet will feature integrated service capabilities, ensuring seamless after-sales support. This expansion underscores Ola Electric’s commitment to making EVs more accessible to customers nationwide, strengthening its customer-centric approach and accelerating the adoption of electric mobility across India.
As of 11:22 am, Ola Electric stocks were trading 3.18% higher at Rs 90.19 on the NSE.
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