Overview
- Shares jumped 20% to ₹36.34 on Thursday, locking at the upper circuit in a second straight session of strong gains.
- The company says its 46100 lithium iron phosphate cell is ready and will enter products next quarter, a larger format than its 4680 unit designed to lower battery costs and work for scooters and energy storage.
- Ola reports its battery plant is running at 2.5 GWh and is being scaled to 6 GWh, with fresh PLI certification for an ebike model that keeps it eligible for government incentives.
- Registrations rebounded in March to about 10,117 from 3,973 in February as daily orders topped 1,000 late in the month, with Ola pointing to steep price cuts and faster same‑day service for most repairs.
- The rally comes despite weak Q3 FY26 results and past execution issues, with revenue near ₹470 crore, a net loss around ₹487 crore, and the stock still well below its IPO price and 52‑week high.