Ola Electric opened a qualified institutional placement at a ₹37.74/share floor with up to 5% discount, seeking fresh capital amid share losses to Bajaj and TVS. Management flagged Q1FY27 registrations of 22,600 already topping Q4FY26's 22,221 units, with 40,000-45,000 orders and ₹500-550 cr revenue guided.

Mint · Markets · 6/1/2026, 2:31:44 PM

Sustained consumer demand drove May wholesales higher across India's auto pack. Maruti Suzuki domestic sales jumped 40% to 1.90 lakh units, Mahindra rose 11%, Hyundai 9%, Kia 23.6%, TVS 24%, HMSI 10% and Bajaj Auto 9%. JSW MG was the lone laggard, slipping 4% to 6,048 units.

BL · Consumer & Economy · 6/1/2026, 7:55:41 AM