Results · Mobility & Logistics

Ola Electric sales grow 20% in April 2026

What they do

Ola Electric makes electric scooters, motorcycles, three-wheelers and home energy products

It sold 12,166 units in April 2026, a 20% month-on-month rise, with 8.18% market share

Its share price surged over 60% to Rs 36.55 after hitting an all-time low of Rs 22.6 last month

India's electric two-wheeler registrations fell 22% month-on-month in April 2026 to 1.48 lakh units from 1.92 lakh in March 2026.
Ola Electric sold 12,166 units in April 2026, a 20% growth month-on-month, with 8.18% market share.
Bajaj Auto registered 13,666 EVs, a 29% drop from 32,883 in March, with 22.12% share.
Ather Energy sold 27,024 units, a 25% decline from 36,136, holding third position.
Hero MotoCorp sold 15,230 units, a 29% drop, with 10.24% share in fourth place.
Ola Electric sold 12,166 units, a 20% growth month-on-month, with 8.18% market share.
Greaves Electric Mobility sold 6,884 units, a 13.6% decline, with 4.63% share in sixth place.
Bounce entered the top 10 after over threefold growth in sales.

The overall market decline of 22% suggests seasonal or demand slowdown in April 2026.
Ola Electric's 20% growth contrasts with declines at TVS, Bajaj, Ather, Hero and Greaves.
Ola Electric's share price surged over 60% to Rs 36.55 after an all-time low of Rs 22.6 last month.
Ola Electric's market capitalisation stood at Rs 16,122 crore ($1.7 billion) as of April 30, 2026.

Ola Electric manufactures electric scooters (S1 series), electric motorcycles (Roadster series), electric three-wheelers (Ola Shakti, Shakti Rack, Mahashakti) and home energy products.
Its scooters include S1 Pro Sport (starting Rs 1,49,999), S1 Pro+ (Rs 1,58,371), S1 X+ (Rs 1,20,999), S1 Z (Rs 79,999), S1 Air (Rs 1,07,499) and Ola Gig (Rs 39,999).
Its motorcycles include Roadster X (Rs 1,04,999), Roadster X+ (Rs 1,08,560), Roadster (Rs 1,04,999) and Roadster Pro (Rs 1,99,999).
Its three-wheelers start at Rs 99,999 (Ola Shakti) and home energy products start at Rs 39,999 (Ola Shakti 4.6 kWh).
It has 590 service centres and 1 lakh third-party mechanics trained for EV service, with AI-powered proactive maintenance and remote diagnostics.
It offers EMI financing up to 60 months at 6.99% interest, zero downpayment and zero processing fee.
It runs an upgrade program across India, same-day service guarantee, and claims a community of over a million owners.
Home energy products (Ola Shakti 4.6 kWh and 9.2 kWh) will deliver in November 2026, and MPPT solar charge controller in March 2027.