Ola Electric Mobility Limited submitted a press release to the National Stock Exchange of India Limited and BSE Limited regarding its vehicle registration performance for May 2026.
The company reported 15,139 vehicle registrations in May 2026, representing a 23% month-on-month increase from 12,323 units registered in April 2026. This marks the third consecutive month of volume growth for the company.
According to VAHAN data referenced in the release, the overall industry volumes grew from approximately 148,000 units in April 2026 to around 170,000 units in May 2026, reflecting growth of about 15%. Ola Electric's growth of 23% significantly outpaced the industry average, growing nearly three times faster.
The company attributes this sustained recovery to a front-end retail rejig and better operational execution. The release notes that Ola's two-wheeler EV portfolio is bouncing back amid petrol price increases, marking a broader market shift to electric vehicles.
An Ola Electric spokesperson stated that strong demand environment and increasing traction for the Roadster portfolio have helped maintain growth momentum. The company remains focused on accelerating EV adoption through innovative products, technology leadership, and scale.
The release highlights that India's electric two-wheeler market is entering a structural transition phase due to global energy security concerns and rising fuel costs, prompting consumers to seek lower operating costs and reduced fossil fuel dependence.
Ola Electric emphasized its focus on expanding EV penetration through technology, scale, affordability, and its vertically integrated manufacturing platform spanning vehicles, batteries, and cells. The company operates the Ola Futurefactory in Tamil Nadu and the Battery Innovation Centre in Bengaluru, with R&D efforts spanning India, the UK, and the US.
This disclosure was made pursuant to regulatory requirements and will be hosted on the company's website at www.olaelectric.com.