Ola electric shares today: Ola Electric saw its shares rise as much as 5 per cent on Monday, touching an intraday high of Rs 49.40, after reports emerged that Niti Aayog is stepping up efforts to accelerate the shift toward electric motorcycles in India.
According to Hindu Businessline, the government’s policy think tank has called a meeting with the who’s who of India’s two-wheeler industry — including Hero MotoCorp, Bajaj Auto, TVS Motor, Ola Electric, Ather Energy, and Revolt — to brainstorm ways to make electric motorcycles more affordable and popular.
Electric scooters have been gaining ground quickly and are expected to make up 80 per cent of scooter sales by 2030. But motorcycles — which account for two-thirds of the two-wheeler market — are lagging behind, with just 10 per cent electrification projected by the end of the decade. That gap could pull overall adoption down to 36 per cent, far short of India’s green mobility goals.
To change that, officials are expected to dis’cuss options like cutting costs, scaling up production, battery-swapping models, and flexible financing schemes.
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The meeting comes at a time when Ola Electric founder Bhavish Aggarwal is doubling down on the company’s ambitions. He recently said Ola is aiming for a 25–30 per cent market share in the electric two-wheeler space, backed by new product launches and full vertical integration. “Our mojo is still there,” he added, hinting that profitability should improve with higher volumes.
Investor mood has also been lifted by talk of a potential GST cut on affordable EVs and hybrids. By 1:15 pm, Ola Electric shares were up 2.5 per cent at Rs 48.35 on the NSE, extending gains to nearly 20 per cent over the past week.
