Ola Electric shares in focus amid launch of new affordable electric scooter starting at Rs 39,000

Ola Electric shares are in focus following the launch of two new affordable electric scooter ranges, the S1 Z and Gig, starting at Rs 39,000. The scooters feature removable batteries and are aimed at urban commuters and gig workers. Deliveries will begin in April 2025. Ola's shares rose 5.7%, despite a 41% decline over the past three months, with a market cap of Rs 32,406 crore.