Mumbai: Shares of Ola Electric Mobility Ltd saw a sharp rise on Wednesday after the company released its March business update. The stock gained over 12 percent, reflecting strong investor interest.
Around 1:22 PM on the BSE, the share was trading at Rs 25.69, up by Rs 2.89 or 12.68 percent. During the day, it touched a high of Rs 26.04 and a low of Rs 23.17. The stock had opened at Rs 23.99, compared to its previous close of Rs 22.80. The company’s market capitalisation stood at around Rs 10.76 thousand crore.
Investor confidence rises on demand growth
Investor sentiment improved after the company reported strong demand in March 2026. In the last week of March, daily orders crossed 1,000 units.
According to VAHAN data, total registrations reached 10,117 units in March. This is a sharp increase from 3,973 units in February, showing a month-on-month growth of more than 150 percent.
This strong growth in registrations has boosted confidence in the company’s sales performance.
Service improvements support demand
Ola Electric said it has made major improvements in its service operations. More than 80 percent of vehicles are now being serviced on the same day.
Better availability of spare parts, faster diagnostics, and smoother operations have improved customer experience. These changes have helped increase demand and build trust among buyers.
Major milestone achieved
The company also reached an important milestone in March. Ola Electric became the first electric vehicle company in India to cross 1 million (10 lakh) cumulative registrations.
The company described this as a key achievement for India’s EV sector and a sign of growing adoption of electric vehicles in the country.
Company profile and outlook
Ola Electric is a leading EV manufacturer focusing on advanced technology and in-house production. Its Futurefactory in Tamil Nadu is one of India’s largest EV manufacturing hubs. The company also runs a battery innovation centre in Bengaluru.
Overall, strong demand, better operations, and key milestones have supported the stock’s rise and strengthened investor confidence.
Disclaimer: This article is for informational purposes only and not investment advice. Stock market investments are subject to risks. Investors should consult certified financial advisors before making any investment decisions.
