Ola Electric steadily improves Vehicle Registration Ops, continues to see strong demand in March 2025

Ola Electric registered 23,430 units in March 2025 (as per the VAHAN portal), reflecting strong demand across urban and rural markets. As shared earlier, the shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving.

We have nearly cleared the February backlog and expect to complete the remaining February-March registrations in April 2025. To support this, we're scaling up our registration operations and actively coordinating with all external stakeholders.

We also began deliveries of our Gen 3 portfolio in March 2025. Customer response has been overwhelmingly positive, with demand surpassing expectations. As a result, we ramped up the production of our Gen 3 portfolio in March and will continue ramping it up further in April for faster deliveries and better customer experience.

We remain focused on execution and delivering a seamless ownership experience. We will continue to update stakeholders as our registration volumes stabilize.

Shares of OLA Electric Mobility Limited was last trading in BSE at Rs. 52.97 as compared to the previous close of Rs. 55.07. The total number of shares traded during the day was 2634824 in over 7492 trades.

The stock hit an intraday high of Rs. 55.70 and intraday low of 52.50. The net turnover during the day was Rs. 142565544.00.

Source : Equity Bulls

Keywords

INE0LXG01040 OLAElectricMobility TwoWheelers ThreeWheelers ElectricVehicles SalesVolume Registration March2025 VAHANPortal