Bengaluru, July 14 -- A leading electric vehicle manufacturer known for its electric scooters and mobility solutions saw its stock surge 17% following an optimistic financial outlook. The company projected significantly higher future profit margins per vehicle and expects substantial per-unit manufacturing incentives from a government scheme to boost its bottom line in the coming years.

Ola Electric Mobility Limited's stock, with a market capitalisation of Rs. 20,439 crores, rose to Rs. 46.85, hitting a high of up to 17.7 percent from its previous closing price of Rs. 39.80. However, the stock over the past year has given a negative return of 49.5 percent.

Company Guidance FY26 Margin Goal: Ola Electric aims to achieve a gross margin of...