Fiem Ind surges 20% on emerging sole supplier to Ola for few products

The company said that it is the sole supplier of head lamps, tail lamps, indicators, rear fender assemblies and mirrors for Ola Electric's newly launched scooters S1 and S1 Pro

Shares of Fiem Industries hit a 52-week high of Rs 951.80 as they rallied 20 per cent on the BSE in intra-day trade on Tuesday after the company said it is the sole supplier of headlamps, tail lamps, indicators, rear fender assemblies and mirrors for Ola Electric's newly launched scooters S1 and S1 Pro.

In addition to other existing Electric Vehicle (EV) clients, this is a landmark client addition for us and we are excited and fully prepared to cater all demands of Ola Electric in the future, the company said in an exchange filing. The company further added that it