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Ola Electric's share price moved up on Tuesday after the company received an important government approval. The news brought renewed buying interest in the stock, after facing pressure for most of the year. Investors welcomed the approval as a positive sign for the company’s future plans.
Ola Electric's share price jumped as much as 3.8% during the day. The stock touched a high of Rs. 36.78. It later closed nearly 3% higher at Rs. 36.59. On the previous trading day, the stock had ended at Rs. 35.43. The rise stood out even as the overall market remained cautious.
The latest rise came after the government cleared Ola Electric’s Roadster X+ electric motorcycle. The model runs on the company’s own 4680 Bharat Cell battery pack. Roadster X received approval under the Central Motor Vehicle Rules. This clearance allows Ola Electric to begin deliveries of the motorcycle with a 9.1 kWh battery.
The approval holds strong value for the company. Ola Electric has become the first electric two-wheeler maker in India to get certification for a motorcycle powered by a fully in-house battery cell. The company completed all required safety, electrical, performance, and environmental tests. These tests follow rules set by the Ministry of Road Transport and Highways for battery-operated vehicles.
Ola Electric said the Roadster X+ offers long range, strong performance, and better safety. The company also highlighted the use of its own Bharat Cell battery technology. This helps reduce dependence on imported battery cells and supports local manufacturing. Experts believe this step can help boost electric motorcycle adoption in India.
The company is also expanding the use of Bharat Cell batteries in other models. Ola Electric recently increased deliveries of the S1 Pro+ scooter with a 5.2 kWh battery. The rollout now covers Tamil Nadu, Kerala, Telangana, and Karnataka. This move shows the company’s focus on building the full electric vehicle chain within India.
Investor sentiment also improved after news of government incentives. Ola Electric received approval for Rs. 366.78 crore under the Production Linked Incentive Auto scheme for FY25. The Ministry of Heavy Industries approved the payment through IFCI Limited. The incentive supports domestic EV and battery production. Analysts see this as helpful for cash flow during a period of losses.
Even after the recent rise, Ola Electric's share price remains under pressure. The stock has fallen nearly 58% this year, and concerns around profits, competition, and demand still remain. However, the latest approval and incentive support have brought fresh attention to the company’s technology and long-term plans.
The recent gain shows how government approvals can quickly change market mood. Ola Electric now stands at an important stage as it pushes Bharat Cell battery technology and expands its electric two-wheeler range in India.
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