Indian electric vehicle (EV) maker Ola Electric has launched more than 3,200 new stores in a single day, co-located with service facilities, expanding its retail network to 4,000 stores nationwide. This strategic move aims to address customer service issues and increase the company's footprint, especially in smaller towns.

Ola Electric Mobility, led by Bhavish Aggarwal, is making headlines with its bold expansion of 4,000 stores across India, a fourfold increase aimed at boosting EV adoption beyond Tier-1 and Tier-2 cities.

As Ola Electric stands by its commitment to boost large scale EV-adoption, the stock has rallied as much as 6 per cent in Thursday's session.

Besides launching 3200 new stores in a single day, Ola Electric announced multiple new updates such as benefits on S1 range, limited-edition S1 Pro Sona, and the updated MovOS 5.

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

The electric vehicle (EV) company also launched a limited 'Sona' edition of its S1 Pro in real 24-karat pure gold elements, a few of which Ola will be giving away as part of a promotional contest. ​The company also gave tours of the new facilities to select customers,

Shares of Ola Electric today surged 6.22 per cent to hit a high of Rs 99.90. They were last seen trading 1.78 per cent up at Rs 95.72. At this price, the stock has zoomed 30.41 per cent in a month.

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.

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.