Ola Electric nearly doubles Q1 registrations to 43,719 units, June sets monthly record
Ola Electric registered 43,719 vehicles in the April-June quarter, up from 22,252 the prior quarter, with June's 16,144 units marking a recent monthly high on better availability and demand. Shares rose 3.8% to Rs 45.40, though the company reported a Rs 5 billion Q4 loss on Rs 2.65 billion revenue.
Ola Electric nearly doubled vehicle registrations to 43,719 units in the June quarter versus 22,252 prior quarter, with June's 16,144 units a recent monthly record, driven by improved availability and demand. Shares rose 3.8%.
Why this matters
The registration surge follows Ola Electric's distribution network overhaul aimed at profitability, showing volume recovery even as Q4 losses persist against modest revenue.
Retail-company signals are accelerating, up 475,600% QoQ.