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Ola Electric today announced that it registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 vehicles in Q4 FY26, according to VAHAN data. The quarter concluded with 16,144 registrations in June 2026, reflecting sustained business momentum and the company`s strongest monthly performance in recent quarters. The strong sequential growth demonstrates continued improvement in retail execution, customer demand and product availability, building on the operational initiatives undertaken over the last few quarters. June`s performance further reinforces the positive trajectory seen through the quarter, as the company continues to strengthen its position in India`s fast-growing electric two-wheeler market.

Ola Cell Technologies (OCT), a wholly owned subsidiary of Ola Electric, today announced that it has received the Bureau of Indian Standards (BIS) certification under IS 16046 (Part 2):2018 / IEC 62133-2:2017 for its indigenously developed LFP 46100 cylindrical cell. With this achievement, Ola Electric becomes the first Indian company to receive BIS certification for an indigenously developed cell in the 46100 format, marking another significant milestone in India`s journey towards advanced battery manufacturing and energy independence. In addition to BIS certification, the LFP 46100 cell has successfully qualified under IS 16893 Parts 2 and 3 and UN 38.3 standards, confirming that the cell has completed the prescribed electrical, mechanical, environmental, reliability, abuse, and transportation-safety evaluations. Developed with significant localization across materials, components, engineering, and manufacturing processes, the LFP 46100 demonstrates Ola Electric`s growing ability to develop, qualify, and industrialize advanced cell technologies within India. To achieve the BIS certification, Ola Electric`s 46100 LFP Cell underwent a series of stringent safety, performance, and endurance tests at a National Accreditation Board for Testing and Calibration Laboratories (NABL)- accredited laboratory. Overall, the cells underwent multiple qualification tests, including thermal abuse, external short circuit, forced discharge, impact, altitude, abnormal charging, vibration, continuous low-rate charging, crush, free fall, and mechanical shock assessments.

Ola Electric Mobility has approved the allotment of 21,75,78,428 equity shares of face value of Rs 10 each to eligible qualified institutional buyers at an issue price of Rs 35.86 per equity share (including a premium of Rs 25.86 per equity share), which takes into account a discount of 4.98% (i.e., Rs 1.88 per equity share) to the floor price of Rs 37.74 per equity share, determined in accordance with Regulation 176(1) of the SEBI ICDR Regulations, aggregating upto Rs 780.24 crore, pursuant to the Issue. Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs 44,108,298,850 comprising 4,410,829,885 equity shares of face value of Rs 10 each to Rs 46,284,083,130 comprising 4,628,408,313 equity shares of face value of Rs 10 each.

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.

Net Loss of Ola Electric Mobility reported to Rs 500.00 crore in the quarter ended March 2026 as against net loss of Rs 870.00 crore during the previous quarter ended March 2025. Sales declined 56.63% to Rs 265.00 crore in the quarter ended March 2026 as against Rs 611.00 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 1833.00 crore in the year ended March 2026 as against net loss of Rs 2276.00 crore during the previous year ended March 2025. Sales declined 50.09% to Rs 2253.00 crore in the year ended March 2026 as against Rs 4514.00 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales265.00611.00 -57 2253.004514.00 -50 OPM %-106.04-113.75 --43.14-38.52 - PBDT-319.00-700.00 54 -1145.00-1687.00 32 PBT-496.00-870.00 43 -1829.00-2253.00 19 NP-500.00-870.00 43 -1833.00-2276.00 19 Powered by Capital Market - Live News