Ola Electric Mobility Ltd is an innovative Indian company focused on electric vehicles (EVs), especially electric scooters, aiming to revolutionize clean transportation in India and beyond. Part of the Ola group, which also runs one of India’s largest ride-hailing platforms, Ola Electric is dedicated to creating affordable and sustainable mobility solutions. Their popular e-scooters are known for advanced features, impressive battery life, and eco-friendliness. Ola Electric Share Price on NSE as of 30 November 2024 is 87.41 INR. Here will provide you more details on Ola Electric Share Price Target 2024, 2025, 2026 to 2030.
Ola Electric Mobility Ltd: Market Overview
- Open – 92.15
- Previous Close – 92.99
- Volume – 76,161,884
- Value (Lacs) – 66,573.10
- High – 92.49
- Low – 86.70
- Mkt Cap (Rs. Cr.) – 38,555
- UC Limit – 111.58
- LC Limit – 74.39
- 52 Week High – 157.40
- 52 Week Low – 66.66
- Face Value – 10
Ola Electric Mobility Ltd Competitors
Here are five competitor companies of Ola Electric Mobility Ltd in the electric vehicle (EV) and sustainable mobility sector, along with their approximate market capitalizations:
- Ather Energy – Approximately $1 billion: Ather is an Indian EV startup known for its high-performance electric scooters and is backed by investors like Hero MotoCorp.
- Hero Electric – Part of Hero MotoCorp, which has a market cap of around ₹64,000 crore ($8 billion): Hero Electric is one of India’s largest EV two-wheeler manufacturers, focusing on accessible e-scooters.
- TVS Motor Company – Market cap of approximately ₹60,000 crore ($7.5 billion): TVS is actively expanding in the electric two-wheeler market with its iQube e-scooter, competing directly in the EV sector.
- Bajaj Auto Ltd – Market cap around ₹1.25 lakh crore ($15 billion): Bajaj’s entry into the EV market, the Chetak electric scooter, is aimed at tapping into the urban EV mobility sector.
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Revolt Motors – Owned by RattanIndia Enterprises, with an approximate market cap of ₹5,500 crore ($700 million): Known for its electric motorcycles, Revolt focuses on innovation in sustainable personal mobility.
Ola Electric Share Price Chart
Ola Electric Share Price Target Tomorrow 2024 To 2030
Ola Electric Share Price Target Years | Share Price Target |
2024 | ₹160 |
2025 | ₹200 |
2026 | ₹240 |
2027 | ₹280 |
2028 | ₹320 |
2029 | ₹360 |
2030 | ₹400 |
Ola Electric Share Price Target 2024
Ola Electric share price target 2024 Expected target could be ₹160. Here are three key factors likely to influence Ola Electric’s growth and share price target in 2024:
- Expansion of Charging Infrastructure: To boost adoption, Ola Electric’s ability to expand its charging network across India will be essential. A well-established, easily accessible charging infrastructure can increase user confidence, supporting growth in sales and brand value.
- Government Policies and Incentives: As the Indian government continues promoting electric vehicles (EVs) through subsidies, reduced GST, and FAME II policies, Ola Electric stands to benefit. These incentives make EVs more affordable, attracting a larger customer base and positively impacting share value.
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Technological Innovations and Product Portfolio: Ola’s investment in R&D to introduce new models and upgrade existing ones with advanced features (e.g., AI-driven systems and extended battery life) can drive demand. Innovations that distinguish Ola’s offerings from competitors can strengthen market position, influencing growth and share price favorably.
Ola Electric Share Price Target 2025
Ola Electric share price target 2025 Expected target could be ₹200. Here are three main risks and challenges that could impact Ola Electric’s share price target for 2025:
- Supply Chain Constraints: As demand for electric vehicles rises, Ola Electric may face supply chain issues, particularly in obtaining battery components and other essential materials. These constraints could lead to production delays and increased costs, affecting profitability and share price.
- Intense Competition: The electric vehicle market is rapidly expanding, with major players like Tata Motors, Ather Energy, and new global entrants investing heavily in the Indian market. This intense competition could limit Ola Electric’s market share, challenging growth prospects and potential returns.
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Regulatory and Policy Shifts: The EV industry is still evolving, and any unfavorable changes in government policies or subsidy structures could impact affordability for consumers and operational costs for Ola Electric. Such regulatory risks could affect consumer demand and, in turn, impact share price targets.
Ola Electric Share Price Target 2030
Ola Electric share price target 2030 Expected target could be ₹400. Here are three potential risks and challenges for Ola Electric’s share price target for 2030:
- Battery Technology Advancements: Rapid developments in battery technology could render existing models outdated, creating pressure on Ola Electric to continually upgrade its technology. Falling behind in these advancements could impact market competitiveness and lead to increased R&D costs, affecting profitability.
- Global Competition: By 2030, more global EV players like Tesla, BYD, and other established automakers may further penetrate the Indian EV market. Stronger competition from well-funded international players could limit Ola Electric’s market share and growth potential.
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Environmental and Social Impact Regulations: As environmental standards tighten globally, Ola Electric may face stricter regulations related to production, battery disposal, and emissions. Compliance with such standards could increase operational costs, potentially impacting profitability and the long-term outlook for share performance.
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Ola Electric Mobility Ltd Shareholding Pattern
- Promoters: 36.78%
- FII: 7.64%
- DII: 6.85%
- Public: 48.73%
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