India's Ola Electric jumps on price cut for flagship e-motorcycle

Ola Electric Mobility

02/04/2026 09:53

** Shares of Ola Electric Mobility OLAE.NS jump more than 7% to 27.78 rupees

** Co cuts price of flagship Roadster X+ 9.1 kWh electric motorcycle by 60,000 rupees to 129,999 rupees ($1,400.10)

** Says price cut driven by improved cost efficiencies from rapid economies of scale at its Gigafactory, deeper vertical integration

** Trading volume at 345.97 mln shares so far vs 30-day average of 72.49 mln

** Stock rated "sell" on average by 8 analysts, median PT at 24.50 rupees - data compiled by LSEG

** YTD, stock down 28.5%

($1 = 92.8500 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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