Ola Electric Mobility Limited has informed the Exchange regarding a press release dated May 01, 2026, titled "Ola Electric Delivers 20% MoM Growth in April, Continues Recovery Momentum".
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Ola Electric reported 20% month-on-month volume growth in April 2026, with registrations rising to 12,166 units from 10,133 units in March. This growth came even as the broader electric two-wheeler industry declined over 22% MoM, making Ola the only leading EV brand to grow in April. The company's Roadster and Bharat Cell-powered products continued to see strong customer traction, particularly in markets like Uttar Pradesh, Bihar, and Madhya Pradesh. The company attributed the recovery to stronger execution, stabilising operations, and growing customer confidence, with benefits from indigenously developed 4680 Bharat Cells being passed on to customers.
This positive operational update shows Ola Electric successfully reversing its earlier struggles and gaining market share in a declining EV industry, which should be viewed favourably by investors. The company outperforming the broader market decline signals improving competitive position.