India, April 10 -- Ola Electric On Recovery Path

Ola Electric appears to be on its redemption arc. After months of sliding market share and service complaints, the EV maker is trying to chart a comeback with its in-house battery stack and steep price cuts. It seems Bhavish Aggarwal may have found the ingredients for a lasting turnaround.

The Battery Breakthrough: In the past month, the Ola Electric stock has surged more than 56% on the BSE. The primary catalyst for this rally has been multiple factors:

Unveiling its in-house 46100 Lithium Iron Phosphate cell, designed for both mobility and energy storage

Securing PLI certification for Roadster X+ 4.5 kWh, strengthening its case for sops

Improving sales

Reducing prices of key product...