Ola Electric Shares Experience 14% Surge, Largest Single-Day Increase in 7 Months, Driven by Strong March Business Performance
Indian Electric Vehicle Market Sees Uptick as Ola Electric Gains Momentum
Shares of Ola Electric Mobility surged 14.21% in Wednesday's intraday session, reaching a day's high of ₹26.04 apiece, as investors reacted positively to the company's strong March performance. The stock's gain marked its largest single-day increase in seven months.
The company's regulatory filing revealed a significant improvement in business performance, with registrations jumping 150% year-on-year to 10,117 units in March, according to VAHAN data. This represents a sharp resurgence in demand momentum, particularly when compared to February, when Ola's registrations stood at 3,973 units.
| Month | Registrations (units) |
|---|---|
| February | 3,973 |
| March | 10,117 |
| YoY Growth | 150% |
Market share also witnessed a V-shaped month-on-month recovery, with Ola Electric continuing to gain share through March. The company attributes this recovery to a structural transformation in its service operations. Additionally, Ola Electric became the first EV brand in India to cross 1 million cumulative registrations, according to VAHAN data.
The company, which had faced service challenges in recent months, reported that over 80% of vehicles are now serviced on the same day. This improvement has been enabled by better parts availability, faster diagnostics, and tighter operational control across its network.
Despite the strong rebound in shares, Ola Electric still trades at a steep discount to its 52-week high. Between October 2025 and March 2026, the stock witnessed a sharp correction, resulting in a cumulative drop of 60% in just six months. The decline drove the stock to hit a fresh all-time low of ₹22.25 apiece, and at current levels, it is trading 83.4% below its all-time high of ₹157.40 apiece. On a one-year basis, the stock is down 64%, leaving retail investors with significant losses. Retail investors collectively held a 49.2% stake in the company at the end of the December quarter, according to Trendlyne shareholding data.
Investor Takeaway
Investors should be encouraged by Ola Electric's strong March business performance and potential for continued demand momentum.
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