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The company added more than 3,200 new stores co-located with service centres and this expansion spans beyond metros and tier-1 and tier-2 cities.
Ola Electric has also opened priority registrations for the MoveOS 5 beta version, whose features include group navigation, live location sharing and road trip mode, which will be powered by Ola Maps.
In addition to this, the company also launched a limited-edition Ola S1 Pro Sona, which has real 24-karat gold plated elements.
In a note on November 27, brokerage firm Citi had said that Ola Electric’s soon-to-be launched motorcycles and electric three-wheelers will boost volumes.
While the service perception has been negative offlate, Citi said that it will subside going forward.
Citi had issued a “buy” rating on Ola Electric with a price target of ₹90. The stock now trades above that price.
Out of the seven analysts that have coverage on Ola Electric, five of them have a “buy” rating, while the other two have a “sell.”
Shares of Ola Electric Mobility are off opening highs, currently trading 4% higher at ₹97.71. The stock is up 34% in the last one month.
