Shares of Ola Electric Mobility Ltd surged 2.03% on January 2, 2025, trading at ₹87.97, as the company continued to dominate India’s electric two-wheeler (E2W) market.
Ola Electric reported impressive annual retail sales of 407,547 units in CY2024, marking a 52% year-on-year growth and maintaining a market-leading share of 35%.
India’s E2W market recorded a significant 33% YoY growth, with 1.14 million units sold in 2024. E2Ws accounted for 59% of the total 1.94 million EVs sold across all vehicle segments. Key growth drivers included affordability, long-term savings, rising demand for last-mile delivery solutions, and stable petrol prices at ₹103.49 per litre.
OLA ELECTRIC MOBILITY LTD Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Wed, Jan 1 2025
|
₹86.40
|
₹86.22
|
|
|
Tue, Dec 31 2024
|
₹85.19
|
₹85.73
|
|
|
Mon, Dec 30 2024
|
₹87.10
|
₹85.07
|
-5.40%
|
|
Fri, Dec 27 2024
|
₹93.85
|
₹89.93
|
-3.87%
|
|
Thu, Dec 26 2024
|
₹97.00
|
₹93.55
|
-0.46%
|
|
Tue, Dec 24 2024
|
₹93.40
|
₹93.98
|
|
|
Mon, Dec 23 2024
|
₹93.97
|
₹92.69
|
-1.05%
|
|
Fri, Dec 20 2024
|
₹95.60
|
₹93.67
|
-1.52%
|
Market Highlights:
- Ola Electric: Expanded its network to 4,000 stores and launched affordable models like the S1 Z and Gig, tailored for gig workers.
- TVS Motor Co: Sold 220,472 iQube units, up 32% YoY, and expanded its product portfolio with planned launches for FY2025.
- Bajaj Auto: Achieved 169% growth with 193,439 Chetak units sold and introduced the Chetak 35 Series.
- Ather Energy: Registered 126,165 unit sales, up 20%, and launched innovations like the Rizta family e-scooter.
- Hero MotoCorp: Sales soared 292% to 43,693 units, with plans to enter the e-motorcycle segment through a partnership with Zero Motorcycles.
- Greaves Electric Mobility: Achieved its best annual sales at 35,058 units, up 46%, driven by the Ampere Nexus.
