Ola Electric Mobility's share price gained 6% after it announced a significant expansion of its retail footprint. The electric two-wheeler (E2W) maker increased its network to 4,000 stores nationwide, a fourfold jump from its previous count.

Ola Electric expands retail network to 4,000 stores, offers discounts on electric scooters, and introduces new operating system.

Ola Electric's shares rose after opening over 3,200 new stores co-located with service centres. This expansion makes it India's largest EV market expansion. The company now has 4,000 stores nationwide.

The rally in Ola Electric share price came after the company announced that it has expanded its network to 4,000 stores nationwide, registering a four-fold increase from the existing network

Ola Electric Mobility share price gained 5% in the morning trades on Thursday. The company has annunced expanding its network to 4000 stores registering a four-fold increase from the existing network.