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Shares of Ola Electric Mobility Ltd surged over 7 per cent in trade on Monday after the company reported early but decisive results from its Hyperservice programme, along with improvement in market share, service metrics, product momentum and regulatory approvals.

Ola Electric shares were trading at Rs 43.89, up Rs 2.98 or 7.28 per cent. The stock opened at Rs 41.22 and touched an intraday high of Rs 44.28. The stock’s 52-week high stands at Rs 85.10, while the 52-week low is Rs 30.79. A total of 3.28 crore shares were traded, with a turnover of Rs 139.85 crore.

The company has a market capitalisation of Rs 19,359 crore and is part of the BSE 500 index.

The rally in the stock comes after the company announced great improvement in its service operations under the Hyperservice transformation programme.

Ola Electric said 77 per cent of service requests were completed on the same day in December 2025, reflecting faster resolution of customer issues. The programme focuses on backlog clearance, workforce expansion, parts availability and customer self-service.

As part of the initiative, the company deployed a 250-member rapid-response service task force in high-backlog regions and increased its service workforce by more than 1,000 employees.

Ola Electric also strengthened its spare parts supply chain and expanded its direct-to-consumer genuine parts platform, which has recorded over 8,000 orders since October 2025.

Improved service performance translated into higher demand and market share gains. Ola Electric registered 9,020 units in December 2025, as per VAHAN data, increasing its market share to 9.3 per cent from 7.2 per cent in November.

In the second half of December, the company’s market share rose further to nearly 12 per cent. Ola Electric regained a top-three position in nearly a dozen states, including Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab and Haryana.

The gains were stronger in southern India, where the company added 2.5 percentage points in market share between November and December, led by Bengaluru, which saw a market share increase of about 4 percentage points.

Investor sentiment was also supported by product and technology developments. Ola Electric began deliveries of its 4680 Bharat Cell-powered S1 Pro+ 5.2 kWh scooters in November 2025 and received government certification in December for its Roadster X+ electric motorcycle powered by the same in-house battery technology.

The Roadster X+ has been approved under the Central Motor Vehicle Rules by iCAT and is the first electric motorcycle in India to be certified with an indigenously developed 4680 Bharat Cell battery pack. The company said the motorcycle offers a range of up to 500 km, expanding EV adoption beyond metro cities.

Ola Electric also received a sanction order from the Ministry of Heavy Industries for incentives worth Rs 366.78 crore under the PLI-Auto scheme for FY 2024-25. The amount will be released through IFCI Limited.

At the current price of Rs 43.89, Ola Electric shares are trading about Rs 13.10 above their 52-week low of Rs 30.79, implying a gain of around 42.6 per cent from the year’s lowest level. The stock, however, remains below its 52-week high of Rs 85.10.