Ola Electric Mobility shares zoom 14% as March sales numbers boost sentiment

The company’s registrations surged to 10,117 units during the month (as per VAHAN), up from 3,973 units in February, translating to over 150% month-on-month (MoM) growth, signalling a sharp resurgence in demand momentum.

Ola Electric in a statement said that the market share also witnessed a V-shaped MoM recovery, with the company continuing to gain share through the month. This demand recovery is being driven by a structural transformation in service operations.

The firm said over 80% of its vehicles are now serviced on the same day, supported by improved parts availability, faster diagnostics, and tighter operational control across its network. Ola Electric further added that, following recent service challenges, it has undertaken deep operational changes that have significantly improved turnaround times and customer experience, helping strengthen customer trust and drive demand.

During March, Ola Electric also became the first EV brand in India to cross 1 million cumulative registrations (as per VAHAN data), marking a historic milestone for the company and a defining moment for India’s EV ecosystem.

“We are seeing a clear inflection in demand, with daily orders scaling steadily through March and accelerating meaningfully in the final weeks. This momentum is being driven by the structural improvements in our service operations, which are now delivering faster turnaround times and a significantly better ownership experience,” said the Ola Electric spokesperson.

Together, the strong March performance, improving service fundamentals, and market initiatives signal a decisive and sustained turnaround, positioning Ola Electric to lead the next phase of EV adoption in India with scale, trust, and unmatched value, the company said.

Ola Electric share price

After opening at ₹23.99 per share, Ola Electric stock had touched an intraday high of ₹26.04 apiece. At 2:20 PM, the stock was trading at ₹25.66 per share on the National Stock Exchange, surging 12.54%.

Shares of the firm have gained 4% over the past five days, while they declined 54% in the last six months. On a year-to-date basis, shares of Ola Electric have fallen 31.5%.

The company has a total market capitalisation of ₹11,335.83 crore, according to data on the NSE.