Ola Electric Share Price Surges 3% Amid Strong April Sales Growth
Ola Electric Mobility Shares Rise 3% as Company Reports Strong Growth in April 2026
Ola Electric Mobility shares experienced a significant surge of over 3% on Monday, May 4, following the company's announcement of strong month-on-month growth for April 2026. According to VAHAN data, registrations increased to 12,166 units in April from 10,133 units in March, indicating a steady pickup in demand.
This marks a 20% increase month-on-month, continuing the recovery trend observed in March, according to a statement from Ola Electric. Notably, the company's results came in a month when the general electric two-wheeler market declined by more than 22% month-on-month.
| Company | March Registrations | April Registrations | Month-on-Month Growth |
|---|---|---|---|
| Ola Electric Mobility | 10,133 units | 12,166 units | 20% |
| General Electric Two-Wheeler Market | N/A | N/A | -22% |
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Ola Electric was the sole major EV two-wheeler brand to register growth month-on-month in April, demonstrating enhanced consumer confidence, stabilising operations, and sustained demand for its growing EV lineup. The company attributed this success to enhanced execution and stable operations.
The rise in registrations coincides with persistently high crude oil prices, currently around $111.57 per barrel, up $1.17, or 1.06%, from the previous close. Ola Electric also noted that the commercial launch of its locally developed 4680 Bharat Cells has led to improved cost efficiencies, with these advantages being passed on to consumers.
Ola Electric share price today opened at ₹37.28 per share on the BSE, touched an intraday high of ₹37.80 per share, and an intraday low of ₹37.01 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock opened on a positive note but lacked follow-up buying. The price has moved above the 20-day EMA and appears to be forming a base near ₹34. As long as this level holds, further upside traction cannot be ruled out.
However, the 200-day SMA and the recent high around ₹42 are seen as immediate resistance levels, which could potentially cap the stock's upside momentum.
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Investor Takeaway
Investors should take note of Ola Electric's strong sales growth in April, indicating a steady pickup in demand for electric two-wheelers.
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