Ola Electric Mobility Ltd announced on Tuesday that it has produced its one-millionth vehicle at the Futurefactory in Krishnagiri, Tamil Nadu. The milestone was achieved in under four years since production began in 2021, underscoring the rapid growth of the EV firm.
Special Edition Roadster X+
To celebrate the achievement, Ola unveiled a special edition of its Roadster X+ motorcycle in midnight blue with red accents on the dual-tone seat, rims, and battery pack. The edition features badges made from recycled copper waste and electroplated bar ends, reflecting the company’s focus on sustainability.
Launch of 4680 Bharat Cell Vehicles
At its annual ‘Sankalp’ event, Ola Electric also introduced vehicles equipped with its 4680 Bharat Cell. This includes the S1 Pro+ with a 5.2 kWh battery, priced at Rs 1,69,999, and the Roadster X+ with a 9.1 kWh battery at Rs 1,89,999. Deliveries for these models will begin during Navratri.
Entry into Sports Scooter Segment
The company made its debut in the sports scooter segment with the S1 Pro Sport, available with 5.2 kWh and 4 kWh battery packs powered by the 4680 Bharat Cell. The introductory price is Rs 1,49,999, with deliveries expected from January 2026.
Market Performance
On the stock market, Ola Electric shares rose 0.71 percent to touch a day high of Rs 61. Analysts suggest a near-term trading range of Rs 53–65, with support at Rs 55, resistance at Rs 63, and a potential upside of Rs 65. A stop loss is advised at Rs 57.
Technical Outlook
Ravi Singh of Religare Broking expects shares to reach Rs 65 in the near term, while Jigar S Patel of Anand Rathi notes a breakout above Rs 63 could also lead to Rs 65, with short-term trading between Rs 53 and Rs 65.
Company Background
Founded in 2017, Ola Electric manufactures electric two-wheelers and components including battery packs, motors, and frames at the Ola Futurefactory. As of June 2025, promoters hold a 36.78 percent stake in the company.
