Electric scooters surge on a city highway with a rising stock graph.
Shares of Ola Electric surged 13.49% to an intraday high of ₹25.44 on the BSE, following a 139% increase in escooter registrations in March, according to Inc42. The company’s market capitalization reached approximately ₹11,300 Cr ($1.2 Bn).
Ola Electric regained the fifth position in E2W registrations, with numbers climbing from 3,973 units in February to 9,496 units in March, capturing a 5.3% market share. The company reported exceeding 1,000 units per day in the last week of March, coinciding with discounts of up to ₹50,000 across its portfolio.
The company stated that registrations have surpassed 1 million units. Ola Electric also highlighted a 150% month-over-month increase in escooter registrations, attributing the growth to improved service, parts availability, and faster diagnostics. They also offer an assured buyback value of up to 60% and an extended warranty of up to eight years.
Despite past criticisms regarding after-sales service, Ola Electric has implemented operational changes to improve customer experience. In Q3 FY25, Ola Electric’s operating revenue decreased by 55% YoY and 32% QoQ to ₹470 Cr, while net loss reduced by 14% to ₹487 Cr.
Ather Energy’s shares also increased, trading 2.68% higher at ₹773.2, with a 19% MoM sales increase to 33,621 units. The broader E2W market saw a 59% increase in registrations in March, totaling 1.78 Lakh units, supported by discounts and subsidies. The Centre has extended E2W subsidies under the PM E-DRIVE scheme to July 31, 2026.
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