Shares of Ola Electric Mobility will be in focus on Thursday after the EV scooter maker said it registered 43,719 vehicles in the first quarter of FY27, nearly doubling from 22,252 vehicles in the previous quarter.
Citing VAHAN data, Ola Electric said that the quarter concluded with 16,144 registrations in June 2026, reflecting sustained business momentum and the company's strongest monthly performance in recent quarters.
“Q1 FY26 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,” said a spokesperson for Ola Electric.
The EV scooter-maker further said that 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. As EV adoption accelerates across the country, Ola Electric said that it remains well-positioned to lead the transition through its vertically integrated technology and manufacturing platform. “The company continues to expand EV penetration through innovative products, advanced battery technology, manufacturing scale and a robust direct-to-customer distribution network across India,” it added.
Also read: Ola Electric nearly doubles QoQ registrations in Q1 FY27; June vehicle tally rises to 16,144
Delhi govt approves new EV policy
Ola Electric shares have already rallied over 11% in the past two days after the Delhi Cabinet approved the electric vehicle (EV) policy with an outlay of Rs 15,000 crore to be invested over the next four years to promote electric mobility and reduce pollution.
The Delhi government on Monday said that it will extend incentives worth up to Rs 30,000 on the purchase of electric two-wheelers in the first year of the implementation of its new EV policy, along with the existing waiver on road taxes. Registration of new petrol and CNG two-wheelers will be gradually phased out, with only electric two-wheelers to be registered from April 1, 2028.
The Electric Vehicle (EV) Policy 2.0, which is expected to come into effect from July 1, aims to transform 95% of all new vehicles registered to electric by 2027, Delhi Chief Minister Rekha Gupta said. She added that the policy seeks to make EVs more affordable while gradually phasing out fossil fuel-powered vehicles in key segments.
Also read: Ola Electric, Ather Energy shares jump as Delhi govt approves new EV policy. What to expect?
Gupta said the policy has been designed to accelerate EV adoption through a mix of financial incentives and regulatory measures, making clean mobility more accessible for both individual consumers and commercial operators.
Ola Electric share price
After hitting a 52-week high of Rs 71.25 apiece in September last year, Ola Electric shares crashed around 69% in six months to hit a 52-week low of Rs 22.25 apiece in March this year. The stock has more than doubled since then to close at Rs 45.02 apiece on Thursday.
Ola Electric shares jumped over 7% in one week and 13% in one month. The stock is up 20% in 2026 so far. The company has a market capitalisation of nearly Rs 20,791 crore.
Also read: Electric vehicle sales gain speed as costlier fuel and better infrastructure drive adoption
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