Ola Electric shares jump 14% in biggest 1-day spike in 7 months on strong March business performance

Shares of electric two-wheeler maker Ola Electric Mobility jumped 14.21% in Wednesday’s intraday session on April 1, hitting a day’s high of ₹26.04 apiece, as investors appeared encouraged by the company’s March performance. The surge also marked the stock’s biggest single-day gain in seven months.

In a regulatory filing, the company announced a strong comeback in business performance, with registrations surging 150% year-on-year to 10,117 units during the month (as per VAHAN data). In comparison, Ola’s registrations stood at 3,973 units in February, signalling a sharp resurgence in demand momentum.

Market share also witnessed a V-shaped month-on-month recovery, with the company continuing to gain share through March. According to the company, this recovery is being driven by a structural transformation in its service operations.

During the month, Ola Electric also became the first EV brand in India to cross 1 million cumulative registrations, the company said, citing VAHAN data.

The company, which had faced service challenges in recent months, said that over 80% of vehicles are now serviced on the same day. This improvement has been enabled by better parts availability, faster diagnostics, and tighter operational control across its network.

An Ola Electric spokesperson said, “We are seeing a clear inflection in demand, with daily orders scaling steadily through March and accelerating meaningfully in the final weeks. This momentum is being driven by structural improvements in our service operations, which are now delivering faster turnaround times and a significantly better ownership experience. As customer confidence strengthens, we are seeing stronger conversion across our portfolio, giving us confidence that this recovery will sustain and scale further.”

Ola Electric share price trend

Although the company’s shares have staged a strong rebound, they still trade at a steep discount to their 52-week high, having been severely hammered by Dalal Street investors in recent months.

Between October 2025 and March 2026, the stock witnessed a sharp correction, resulting in a cumulative drop of 60% in just six months.

The decline drove the stock to hit a fresh all-time low of ₹22.25 apiece, and at current levels, it is trading 83.4% below its all-time high of ₹157.40 apiece.

On a one-year basis, the stock is down 64%, leaving retail investors with significant losses. Notably, retail investors collectively held a 49.2% stake in the company at the end of the December quarter, according to Trendlyne shareholding data.

Disclaimer: We advise investors to check with certified experts before making any investment decisions.