Ola Electric Mobility shares jumped more than 2% in morning trade after achieving a 34% market share in October 2024, with over 15,672 registrations by mid-month, according to the Vahan portal.
The growth is driven by the wide S1 scooter line and an increasing service network. In a press statement, the firm stated that it is committed to maintaining this pace through the festive season, with the goal of making a substantial contribution to India’s electric mobility transformation in the 2W segment.
Ola Electric shares opened at ₹88.79, reaching a high of ₹91.60 and a low of ₹88.65 during the trading session. Investors are keeping a close eye on the company’s performance as it continues to evolve within the rapidly growing electric vehicle industry.
As of 9:32 am, Ola Electric shares were trading 2.26% higher at Rs 89.44 on the NSE.
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