Ola Electric share price jumps 9% despite stock market crash. Do you own?

Ola Electric share price jumped as much as 9% in Thursday's trading session, extending its winning run to the second day in a row.

The stock opened at ₹25.22 per share today, compared to the previous close of ₹25.89 on Wednesday. During the session on April 2, the stock hit an intraday high of ₹28.55. The stock had rallied 13% in the previous trade, taking the two-day rise to over 20%.

The rally came despite the Indian stock market witnessing massive losses, with both indices, Sensex and Nifty 50, shedding over 2% each on Thursday after US President Donald Trump's address to the nation.

What's behind the rally?

In an exchange filing on Thursday, Ola Electric announced a significant price reduction of ₹60,000 for its flagship electric motorcycle, the Roadster X+ 9.1 kWh.

The company said the 4680 Bharat Cell-powered Roadster X+ 9.1 kWh will now retail at ₹1,29,999, compared to its earlier price of ₹1,89,999. It attributed the cut to rapid economies of scale at its Gigafactory and strong vertical integration of its in-house battery technology. As production of cells scaled up, improved cost efficiencies enabled the company to pass on the savings to customers.

The company also said that sales of the Roadster X+ 9.1 kWh will move to a limited purchase window format, with units offered in defined time slots and quantities. The first window is scheduled for April 3 between 6:00 PM and 9:00 PM, with additional windows to be announced depending on production capacity. The motorcycle, which claims a range of up to 500 km, has witnessed demand outstripping current supply.

“The response to the Roadster has been extremely strong - the bike demand during our #EndICEAge campaign has grown more than 5X, and this new pricing makes long-range electric mobility even more accessible. To accelerate India’s transition away from ICE and oil, we are doubling down on batteries and domestic manufacturing,” an Ola Electric spokesperson said.

Over the past year, Ola Electric has aggressively expanded production of its indigenously designed and manufactured 4680 Bharat Cell.

At the same time, Ola Electric is fast-tracking the expansion of its Gigafactory, with capacity set to reach 6 GWh, underscoring its focus on strengthening a domestic battery ecosystem and further reducing costs through vertical integration, the company said in the filing.

This development follows a strong rebound in Ola Electric’s business performance in March. The company reported over 150% month-on-month growth in registrations, reaching 10,117 units, while daily orders exceeded 1,000 units in the final week of the month—indicating a sharp pickup in demand. Its market share also saw a V-shaped recovery, driven by structural enhancements in service operations and a significantly improved ownership experience.

By contrast, Ola recorded 3,973 registrations in February, indicating a strong revival in demand momentum.

Ola Electric share price trend

Ola Electric share price has shown a sharp trend reversal by gaining over 15% in a week; however, it still trades significantly below its 52-week high of ₹71.25, touched on September 4, 2025.

In terms of year-to-date (YTD) performance, the new-age tech stock has declined by 26.71% since the beginning of 2026, amid weak market sentiments.

Looking at the broader level, Ola Electric shares have failed to give positive returns by declining over 50.47% in six months and 49% in a year.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.