Overview
- Ola Electric said March registrations rose to 10,117 from 3,973 in February, a month‑on‑month jump of more than 150%, with daily orders topping 1,000 units in the final week.
- The company attributed the turnaround to service fixes that it says now allow more than 80% of scooters to be repaired the same day thanks to better parts supply, faster diagnostics, and tighter controls.
- Shares climbed about 12–13% in intraday trade to roughly Rs 26 after the business update signaled a pickup in demand and a company‑reported market‑share rebound.
- Executives also highlighted a V‑shaped recovery in market share and said the firm crossed 1 million cumulative registrations in India, describing it as a key milestone for the EV sector.
- Coverage noted the update relies on company disclosures that cite VAHAN registration data without outside verification, and past service complaints and a consumer commission order underscore the need for durable fixes.