Ola Electric shares in focus as Q1 registrations nearly double sequentially to 43,719 units

Ola Electric reported Q1 FY26 vehicle registrations of 43,719 units, nearly doubling sequentially, with June recording 16,144 units, marking its strongest monthly performance in recent quarters. Shares have rallied over 11% in two days after the Delhi Cabinet approved a new EV policy with an outlay of Rs 15,000 crore over four years, offering incentives of up to Rs 30,000 on electric two-wheeler purchases and targeting 95% of new vehicle registrations to be electric by 2027. The stock has more than doubled from its March low of Rs 22.25 to close at Rs 45.02, giving the company a market capitalisation of nearly Rs 20,791 crore.