Ola Electric Mobility Limited has informed the Exchange regarding a press release dated April 01, 2026, titled "Ola Electric Surges Back in March as Daily Orders Cross 1,000 Units, Registrations More Than Double".
OLAELEC · price
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Ola Electric reported a strong sales recovery in March 2026, with daily orders exceeding 1,000 units in the final week. Monthly registrations jumped to 10,117 units, up from 3,973 in February—a 150% month-on-month increase. The company also became India's first EV brand to cross 1 million cumulative registrations. This turnaround is attributed to improved service operations, with over 80% of vehicles now serviced same-day, boosting customer confidence. Ola Electric launched the #EndICEAge campaign offering service guarantees, buyback assurance, and extended warranties to further drive demand.
The sharp V-shaped recovery in volumes and market share suggests a successful turnaround in operations and customer sentiment, which could be positive for the stock if sustained.