Ola Electric shares jump 3% as March orders top 1,000 units
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- Ola Electric reported daily orders exceeding 1,000 units in the last week of March and registrations rose 150% month‑over‑month to 10,117 units.
- Ola Electric said its market share showed a V‑shaped month‑over‑month recovery and continued to gain share through March.
- Service operations now service over 80% of vehicles on the same day, thanks to improved parts availability, faster diagnostics and tighter operational control.
- Operational changes implemented by the company led to significantly faster turnaround times and a better ownership experience.
- Ola Electric became the first Indian EV brand to cross 1 million cumulative registrations in March, according to VAHAN data.
- Ola Electric's shares rose 3% to Rs 26.69, still down about 65% from the IPO price of Rs 76 and over 83% below the all‑time high of Rs 157.4.
- January earnings showed a 55% YoY drop in consolidated revenue to Rs 470 crore for the Oct‑Dec quarter FY26, with net loss narrowing to Rs 487 crore and deliveries falling 61% YoY to 32,680 units.
Why it matters: The surge in orders and faster service lifted Ola Electric’s stock, giving investors a short‑term gain, yet the shares remain 65% below the IPO price and 83% below the all‑time high, underscoring that while the firm is regaining market share, shareholders still face a deep valuation gap.
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