Ola Electric doubles QoQ growth in Q1 FY27; registers 16,144 vehicles in June

Ola Electric on Wednesday said it registered 43,719 electric two-wheelers in the April-June quarter, nearly doubling from 22,252 vehicles in the previous quarter, aided by improved retail execution, stronger product availability, and sustained demand.

The company registered 16,144 vehicles in June, its highest monthly registration figure in recent quarters.

"Q1 FY27 marks a significant milestone in our growth journey, with registrations doubling sequentially and June registering 16,144 vehicles - our strongest monthly performance in recent quarters. The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric.

"We remain focused on accelerating EV adoption through technology leadership, manufacturing scale and delivering a differentiated ownership experience," an Ola Electric spokesperson said.

The company said it expects to build on the momentum as India's electric two-wheeler market expands, supported by rising consumer adoption of electric mobility and favourable ownership economics compared with internal combustion engine vehicles.

Ola Electric manufactures electric vehicles and battery technologies through its integrated manufacturing and technology platform and sells directly to customers through company-owned stores and online channels.

India's electric two-wheeler market continues to witness strong structural growth, driven by increasing consumer preference for electric mobility, favourable economics compared to ICE vehicles, and growing awareness around energy security and sustainability, the firm said in a statement.