New Delhi, Aug. 19 -- Shares of Ola Electric Mobility surged 8.5% on Monday after founder and chairman Bhavish Aggarwal unveiled an aggressive strategy to recapture market share and improve profitability in India's competitive electric two-wheeler market.

The stock hit an intraday high of Rs.44.73, though it remains nearly 72% below its 52-week peak of Rs.157.53 touched in August 2024. In contrast, the scrip has shed 69% over the past year and is down 48% in 2025 year-to-date, underscoring investor caution despite the latest rebound.

Aggarwal, speaking to Moneycontrol, said Ola Electric is eyeing a 25-30% market share in India's two-wheeler EV segment, supported by vertical integration, technology upgrades, and product expansion.

"Our ...