Ola Electric posts V-shaped recovery as March orders and registrations surge

Ola Electric Mobility Limited ( (IN:OLAELEC) ) has provided an update.

Ola Electric reported a sharp rebound in March, with daily orders crossing 1,000 units in the last week of the month and vehicle registrations jumping to 10,117 from 3,973 in February, a more than 150% month-on-month increase. This surge reflects a V-shaped recovery in market share, underpinned by operational reforms that now see over 80% of vehicles serviced the same day, improving customer experience and boosting demand.

The company also became the first EV brand in India to surpass 1 million cumulative registrations, underscoring its scale and influence in the country’s electric mobility landscape. Complementing this momentum, Ola Electric rolled out its #EndICEAge campaign with aggressive pricing and industry-first ownership assurances, including a Service Trust Guarantee, buyback commitments, and extended warranties, moves that are designed to lock in customer trust and solidify its leadership in India’s fast-growing EV market.

More about Ola Electric Mobility Limited

Ola Electric Mobility Limited is an Indian electric vehicle manufacturer focused on the two-wheeler segment, aiming to accelerate EV adoption in the country. The company operates at scale in the domestic market, leveraging a direct-to-consumer approach and positioning itself as a mass-market EV brand with emphasis on affordability, service quality, and ownership assurances.

Average Trading Volume: 8,151,964

Technical Sentiment Signal: Sell

Current Market Cap: 100.7B INR

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