Ola Electric Shares Rally 7% Following Dealer-Led Store Launch
· Automobile · Economic Times, Zee News, RushLane
Ola Electric shares rose 7% to reach a day’s high of Rs 39.50 on the NSE on Thursday, marking a recovery after three consecutive sessions of decline. The uptick followed the company's announcement that its first batch of dealer-operated stores has commenced operations across Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh, and Madhya Pradesh. Trading volume reached 6.87 crore shares with a total value of Rs 270 crore. While the company reported a reduction in net losses to Rs 336 crore for Q1 FY27, its revenue from operations fell 45% year-on-year to Rs 455 crore. The new dealer-led model aims to expand the company's sales and service network in regional markets.
Why it matters
The expansion into dealer-operated stores signals a shift in Ola Electric's retail strategy to capture local demand, directly impacting its ability to scale service and sales infrastructure across key Indian states.
Read the original report — Economic Times
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