EV stock under Rs 60 registers 3,44,005 units in FY25; maintains leadership position with 30 per cent market share
The company has a market cap of over Rs 23,000 crore and stock is trading below Rs 60 per share.
Ola Electric has solidified its dominance in the Indian electric two-wheeler (E2W) market, reporting a substantial registration of 3,44,005 units in the fiscal year 2025. This impressive figure translates to a commanding 30 per cent market share, reinforcing their position as the industry leader. The company also disclosed that for March 2025 alone, they registered 23,430 units, indicating sustained demand across both urban and rural regions.
Further operational updates revealed that Ola Electric has made significant progress in clearing its backlog. Specifically, they have nearly resolved the February backlog and anticipate finalizing the remaining registrations from February and March in April 2025. This comes alongside the rollout of their S1 Gen 3 scooter lineup, which promises enhanced performance and efficiency. The Gen 3 platform boasts a 20 per cent increase in peak power, an 11 per cent reduction in cost, and a 20 per cent increase in range compared to its predecessor.
The S1 Gen 3 portfolio introduces several technological advancements, including a category-first dual ABS and a patented brake-by-wire system. These features are designed to improve safety, control, and energy recovery, with the brake-by-wire system alone offering a 20 per cent boost in energy recovery. Pricing for the new lineup ranges from Rs 79,999 for the S1 X (2kWh) to Rs 1,69,999 for the S1 Pro+ 5.3kWh (equipped with 4680 Bharat Cell).
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About the Company
Ola Electric Mobility Limited is a prominent Indian EV manufacturer renowned for its vertical integration of technology and manufacturing. The company's flagship, the Ola Futurefactory, is a state-of-the-art facility producing EVs and key components like battery packs, motors, and frames. Ola's global R&D efforts, spanning India, the UK, and the US, drive innovation in EV products and core components. The company is also establishing a comprehensive EV hub in Tamil Nadu, comprising the Future Factory and the upcoming Gigafactory. This hub is complemented by the Bengaluru-based Battery Innovation Centre, which is dedicated to advancing cell and battery technology. Ola's direct-to-customer distribution network, encompassing over 750 stores and a robust online presence, positions it as the largest company-owned automotive experience centre network in India.
As of December 2024, the shareholding pattern, Hyundai Motor Company own a 2.47 per cent stake in Ola Electric Mobility Ltd. The company has a market cap of over Rs 23,000 crore and stock is trading below Rs 60 per share. Investors should keep an eye on this EV stock.
Disclaimer: The article is for informational purposes only and not investment advice.