Can Bhavish Aggarwal-Backed Ola Electric Mobility Shares Reach an All-Time High of Rs 157.40 Per Share?

As 2026 begins, Ola Electric is attempting a high-voltage comeback following a year of intensive restructuring and technological breakthroughs. After facing significant service bottlenecks that hampered its market position in mid-2025, the company has entered the new year with a renewed sense of momentum, fueled by a sharp uptick in market share and the successful integration of its indigenous battery technology. With the stock currently showing signs of recovery after a 12 per cent jump in the first two trading sessions of January, investors are closely watching to see if Bhavish Aggarwal’s "service-led execution" can finally propel the company back toward its all-time high of Rs 157.40.

The foundation of this turnaround is the "Hyperservice" initiative, a comprehensive program designed to repair the company’s strained relationship with its customers. By deploying a 250-member rapid-response task force and expanding its service workforce by over 1,000 technicians, Ola has managed to clear legacy backlogs and ensure that 77 per cent of service requests were completed within a single day as of December 2025. This operational reset is already yielding commercial results, with Ola’s market share climbing from 7.2 per cent in November to 9.3 per cent in December, even touching 12 per cent in the latter half of the month as demand returned in key EV hubs like Bangalore and Tamil Nadu.

Beyond improving the customer experience, Ola is doubling down on its identity as a technology creator rather than just a manufacturer. A major milestone was reached in late December 2025 with the government certification of the Roadster X+ motorcycle, the first in India to be powered by the indigenously developed 4680 Bharat Cell. This high-density battery allows for an industry-leading range of up to 500 km on a single charge, effectively addressing "range anxiety" and opening doors for Ola to penetrate the motorcycle-dominated heartlands of Tier 2 and Tier 3 cities where charging infrastructure remains sparse.

Vertical integration remains the company's primary strategy for long-term profitability and supply chain independence. By manufacturing its own cells and motors, such as the recently introduced ferrite motor, Ola is positioning itself as a truly end-to-end energy and mobility player. This strategy is reinforced by the expansion of the 4680 Bharat Cell platform across its entire portfolio, including the S1 Pro+ scooters and the upcoming Ola Shakti residential battery storage systems. This internal ecosystem is expected to be a major lever for margin expansion in 2026, as the company reduces its reliance on expensive imported components.

Financial stability has also improved through strategic government support and disciplined capital management. Ola recently secured a Rs 366.78 crore incentive under the PLI-Auto Scheme for FY25, a significant cash infusion that rewards its commitment to localized advanced automotive technology. Furthermore, the company confirmed that all promoter-level share pledges—previously totalling nearly 4 per cent of equity—have been fully released following the repayment of debt by Bhavish Aggarwal. With the promoter group maintaining a solid 34.6 per cent stake, the removal of these pledges has provided a layer of confidence to institutional investors.

Despite these positive developments, the journey back to the Rs 157.40 peak remains a formidable challenge. The stock still sits significantly below its historical high, and the company must now prove that its recent market share gains are sustainable and not just a temporary surge from festive season promotions like the "Muhurat Mahotsav." Sustaining this growth will require the successful nationwide rollout of the same-day Hyperservice Centres and the seamless scaling of the Gigafactory to meet the production demands of the new Roadster series and the 4680 cell-powered scooters.

In conclusion, Ola Electric’s 2025 year-end performance has set a constructive stage for 2026, shifting the narrative from crisis management to technological leadership. The combination of improved service metrics, indigenous cell delivery, and a cleaner balance sheet suggests that the worst of the volatility may be behind the company. However, reaching an all-time high will ultimately depend on whether Ola can translate its technological "statements" into consistent quarterly profitability and a flawless ownership experience for its growing community of over one million riders.

Disclaimer: The article is for informational purposes only and not investment advice.