Ola Electric Shares Spike 11%: What’s Behind the Move?

Ola Electric's share price surged 11.40 per cent and is trading at Rs 25.65 as of 12:40 pm on April 1, 2026. The stock opened at Rs 23.99 and touched an Intraday high of Rs 25.90, indicating a strong recovery from recent lows. The company’s market capitalisation stands at around Rs 11,292 crore.

The sharp rise in the share price comes after the company reported a strong recovery in demand during March 2026. In the final week of the month, daily orders crossed 1,000 units, reflecting improved traction in the electric two-wheeler segment. Total registrations for March stood at 10,117 units, marking a 150 per cent increase compared to 3,973 units recorded in February. This significant month-on-month growth indicates improving consumer demand and better execution on the operational front.

In addition to the sales momentum, the company achieved a key milestone by becoming the first electric vehicle brand in India to cross 1 million cumulative registrations, as per VAHAN data. This milestone reflects the company’s scale and presence in the domestic EV market. To further support growth, Ola Electric has introduced the #EndICEAge campaign. Under this initiative, the company is offering enhanced ownership benefits, including an 8-year extended warranty and a “Service Trust Guarantee.” These measures are aimed at improving customer confidence and addressing concerns around after-sales service.

Management Commentary:
Ola Electric spokesperson said, “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. As customer confidence strengthens, we are seeing stronger conversion across our portfolio, giving us confidence that this recovery will further sustain and scale.”

About the company
Ola Electric Mobility Limited, founded in 2017, is one of India’s leading electric vehicle manufacturers. The company focuses on electric two-wheelers and follows a vertically integrated model, manufacturing key components such as battery packs, motors, and vehicle frames in-house at its Ola Futurefactory. The company aims to drive the adoption of sustainable mobility through its EV offerings.

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Disclaimer: The article is for informational purposes only and not investment advice.