Ola Electric shares surge 10%, market value soars by Rs 1,300 crore. What sparked today's rally?
Ola Electric shares surged after announcing its in-house developed LFP cell is ready. This development is expected to make electric vehicles cheaper and accelerate their adoption. The new cell will be integrated into Ola products starting next quarter. The company's Gigafactory is also scaling up, with thousands of vehicles already on Indian roads.
