GOLDMAN SACHS ON OLA ELECTRIC

Target Price ₹38.9 Earlier Target ₹34 Recommendation Neutral Model update for recent fund raise, and latest electric 2W penetration May 2026 E2W penetration in India rose to 9% vs. 7.9% in April Ola Electric's mkt share was 8.7% for May 2026 (vs. a YTD low of 5% FY27-FY29E revenue estimates are up c.2%-3% Better liquidity situation for company

OLA ELECTRIC MOBILITY LTD

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