India’s EV sector is showing strength as Ola Electric rebounds from a 74% fall, while Uno Minda enters a fresh bull run. Rising EV registrations and festive demand indicate strong momentum for both stocks.
India’s electric vehicle (EV) market is strengthening again. Two leading companies, Ola Electric and Uno Minda, have sent out positive technical signals showing that the market has the potential to make profits.
Recovering from Steep Losses to Ola Electric
Upon going public in 2024, Ola Electric has since been one of the most followed EV stocks in India. More than half of the way through the next year, the imprint of almost the entire loss path has been visible. After crashing nearly 74% from ₹157 to an all-time low by July 2025, the Ola stock is demonstrating a turnaround now.
This stock has designed a higher top-higher bottom structure and is off its 100-day moving average, signifying a positive trend continuation. The Relative Strength Index (RSI) just crossed the threshold from negative to positive signaling a probable upsurge of the price. The technical formations, for instance, a double bottom, and a narrowing falling wedge near the all-time low add to the idea that the rise can be extended.
Uno Minda: New Bull Run
Over one year, Uno Minda was a shining star, and the return made by this stock was more than 100%. The last part of the performance started from its all-time high, which it barely left above 60%. However, the stock recently broke out from its consolidation above the previous all-time high and then has given back only 35% compared to four months ago.
Large volumes of trade, typical for a breakout, are behind this breakout. The RSI is still above 60 and therefore indicates strong momentum signals. Thus, there is an opportunity for the price to move further in the breakout direction.
Also Read: Ola Electric in Crisis: Talent Exit Amid Market Collapse
EV Market Momentum in India
EV registrations in India grew from 1,81,573 in June 2025 to 1,88,804 in July 2025, showing that demand is gradually rising. The celebration of the forthcoming festival is anticipated to propel the sales of automobiles further. Both EV manufacturers and component suppliers will then gain a lot.
Leading indicators of the bullish tenet of the market:
- EV adoption growth – As per predictions, the government will provide more incentives, and people will want cleaner modes of transport.
- Stock market technicalities – The announcing of bullish patterns in the stocks of companies like Ola Electric and Uno Minda have enticed investors to commit themselves.
- Season’s demand – The Indian festive period is usually associated with a surge in vehicle sales, this keeps the momentum of stocks intact.
Ola Electric is on track to show signs of revival following a sharp drop while Uno Minda is still gaining in the present bull run. Their fundamentals are healthier than ever before, they are supported by positive technical patterns, and there is growing demand that backs both companies as they prepare to reap the benefits from the Indian EV market.
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