Ola Electric Gets Govt Nod To Set Up In-House Developed Ferrite Motor; Shares Recover From Day’s Low

Ola Electric Share Price Today: Shares of Ola Electric recovered from the day's low on Monday after the company announced that it received the central government's certification for its in-house developed ferite motor.

Ola Electric shares opened lower at Rs 51.75 per share on the BSE on Monday, and the stock had touched an intraday low of Rs 51.75 per share. The stock was trading 1.82% lower at Rs 52.99 per share on BSE with a market capitalisation of Rs 23,372.99 crore.

Ola Electric Receives Govt Certification For In-House Developed Ferrite Motor

The EV maker has received government certification for its in-house developed rare-earth-free ferrite motor, according to Ola Electric's BSE filing released on Monday. The development would help the company in reducing its dependence on imported rare-earth motors with permanent magnets. The certification has been granted by the Global Automotive Research Centre, Tamil Nadu.

As per the company, performance verification and mandatory motor power tests showed that Ola Electric's in-house developed ferrite motor's performance matched that of motors with rare-earth permanent magnet motors.

"The ferrite motor delivers efficiency, performance, and durability on par with rare-earth permanent magnet motors, while dramatically lowering costs and de-risking supply chain fluctuations," stated the company in its press release.

Ola Electric Mobility will now begin integrating the ferrite motor across its product line-up to enhance performance, boost affordability, and sustainability for millions of Indian customers.

Ola Electric Share Price Trend

Ola Electric shares were trading in the red during Monday's intraday trading session. The stock had touched an intraday high mark of Rs 54.25 per share. The stock had touched a 52-week high mark of Rs102.45 per share on BSE on 4 December, 2024. The stock had dipped to its 52-week low mark of Rs 39.58 per share on BSE on 14 July 2025.

Ola Electric Mobility share price value has surged over 26.95% in three months, and fell around 38% since the beginning of the year 2025.

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