Mumbai/IBNS, Jan. 2 -- Shares of Ola Electric Mobility Ltd surged nearly 9% in early trade on Friday, touching a high of Rs 40.77 per share, after the company reported strong vehicle registration numbers for December, media reports said.

The company's market share also climbed to 12% in the second half of December, providing a further boost to investor sentiment.

In December 2025, Ola Electric had announced that it received incentives worth Rs 367 crore under the Production Linked Incentive (PLI) scheme from the Ministry of Heavy Industries, media reports said.

The company has also secured Compliance Certification under the PLI scheme for the automobile and auto components sector for its Gen 3 scooter portfolio, The Economic Times repo...