Ola Electric Mobility Limited has informed the Exchange regarding disclosure of Shareholders Communication dated April 1, 2026
OLAELEC · price
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Ola Electric has disclosed a shareholder communication announcing a strong business recovery in March 2026. Daily orders crossed 1,000 units in the last week of March, with total registrations jumping to 10,117 units from 3,973 in February, representing over 150% month-on-month growth. The company achieved a V-shaped market share recovery, driven by improved service operations where over 80% of vehicles are now serviced on the same day. Ola Electric also became the first EV brand in India to cross 1 million cumulative registrations. The company launched the #EndICEAge campaign with new ownership assurances including service guarantees and extended warranties.
The strong March performance and service improvements signal a decisive turnaround in business momentum, which could be positive for shareholder sentiment and the company's market position in India's EV sector.