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Stock Report
Ola Electric Outpaces Industry with 23% MoM Growth, Registers 15,139 Units in May 2026
Posted On : 2026-06-01 12:29:15( TIMEZONE : IST )
Ola Electric today announced sustained growth momentum in May 2026, with registrations rising to 15,139 units, up from 12,323 units in April, according to VAHAN data. It represents a 23% MoM increase, building on the recovery momentum seen in the months of March and April 2026.
According to VAHAN, industry volumes grew from approximately 148,000 units in April 2026 to around 170,000 units in May 2026, reflecting growth of about 15%. Against this backdrop, Ola Electric delivered 23% month-on-month growth, growing nearly three times faster than the industry. The third consecutive month of robust sales recovery comes on the back of a front-end retail rejig and better operational execution, as Ola's two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles.
An Ola Electric spokesperson said, "Ola Electric has delivered its third consecutive month of growth, with May registrations rising 23% month-on-month and significantly outpacing industry growth. The strong demand environment, coupled with increasing traction for our Roadster portfolio, has helped us maintain the growth momentum. We remain focused on accelerating EV adoption through innovative products, technology leadership, and scale."
India's electric 2W market has entered a structural transition phase, as the global energy security concerns and rising fuel costs prompt consumers to increasingly seek lower operating costs and reduced dependence on fossil fuels.
Ola Electric remains focused on expanding EV penetration through technology, scale, affordability, and its vertically integrated manufacturing platform spanning vehicles, batteries, and cells.
Shares of OLA Electric Mobility Limited was last trading in BSE at Rs. 41.57 as compared to the previous close of Rs. 39.24. The total number of shares traded during the day was 20014368 in over 33344 trades.
The stock hit an intraday high of Rs. 42.84 and intraday low of 39.55. The net turnover during the day was Rs. 832214476.00.
