Ola Electric's shares up 13% today: What's the reason?

Ola Electric's shares up 13% today: What's the reason?

Ola Electric Mobility's shares surged by a whopping 13.03% to ₹25.77 today, gaining ₹2.97 in trade.

The spike comes after the company reported a strong recovery in its business performance for March 2026.

The company's registrations jumped to an impressive 10,117 units during the month, marking a staggering growth of over 150% from February's numbers (3,973 units).

Recovery in operational efficiency

The demand for Ola Electric's vehicles picked up significantly in March, with daily order volumes crossing the 1,000-unit mark toward the month's end.

This surge can be attributed to improvements in operational efficiency and after-sales service.

The company has improved parts availability and diagnostics, allowing it to service more than 80% of vehicles on the same day.

First EV brand in India to cross 1M registrations

Along with the operational recovery, Ola Electric has also achieved a major milestone by becoming the first electric vehicle brand in India to cross one million cumulative registrations.

This achievement further cements its position in the rapidly growing EV market.

The company's focus on improving customer experience and reducing turnaround times has clearly paid off, as reflected in today's share price surge.