Ola Electric Stock Jumps 9%: December Market Share Gains & Hyperservice Success Fuel Rally

Ola Electric is trying to stage a comeback just in time for the new year. As of Friday, January 2, 2026, shares of the EV giant surged nearly 9%, hitting an intraday high of ₹40.77. It’s the first real sign of life for a stock that spent most of 2025 in a downward spiral.

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The thing is, the market is finally seeing some green shoots in their delivery numbers. Or nothing. Let’s be real, after losing the top spot to TVS and Bajaj earlier this year, Ola needed a “December Miracle” to keep investors from jumping ship. Those too.

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The “Turnaround” Ticker: Field Notes

December was a redemption month for Bhavish Aggarwal’s team.

• The Jump: Market share climbed to 9.3% in December (up from 7.2% in November).

• The “Kicker”: In the last two weeks of December, that share reportedly touched 12%.

• The Numbers: VAHAN data shows 9,020 units registered. It’s a far cry from their 2024 peaks, but it’s a clear break from the “sales freefall” narrative.

The Secret Sauce: “Hyperservice”

And here’s the kicker: Ola claims they’ve finally started fixing their biggest nightmare—after-sales service.

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• Same-Day Fix: Under the new Hyperservice initiative, Ola says 77% of service requests were completed within 24 hours in December.

• The “Open” Platform: They’ve started selling genuine spare parts and diagnostic tools directly to independent garages. Basically, they’re admitting they can’t fix every scooter themselves, so they’re letting local mechanics help.

• The 4680 Cell: Deliveries of the S1 Pro+ (powered by their in-house “Bharat Cell”) began in November, which is helping margins because they aren’t relying as much on expensive imported batteries.

The Investor’s “Reality Check”

It’s an ongoing situation where the pros are still telling everyone to “hold their breath.”

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Analysts from Angel One and WealthMills are warning that this is still a “high-risk” stock. The company is still reporting losses (around ₹418 crore last quarter), and the competition from legacy players like TVS and Bajaj isn’t slowing down.

Basically, Ola has stopped the bleeding, but they aren’t out of the hospital yet. If you’re holding the stock, the advice is to watch the ₹42 level closely. If it can’t cross that, the New Year rally might just be a “dead cat bounce.”

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