Ola Electric has reported robust sales performance in the first quarter of FY26, with vehicle registrations nearing 60,000 units, according to VAHAN data. The company anticipates a sustained demand recovery in the second quarter, buoyed by improved market sentiment and operational recalibration.
Sources close to the company indicate that factoring in deliveries in Telangana and the clearance of pending Q4 FY25 backlogs, total Q1 deliveries are expected to exceed 65,000 units. This positions Ola Electric to meet its revenue guidance of ₹800–850 crore for the quarter, reflecting a projected 25% quarter-on-quarter growth.
The company’s June performance, marked by a 9% month-on-month increase in registrations, signals a positive shift following a subdued Q4 FY25. Analysts attribute the rebound to Ola’s expanded retail footprint—now encompassing over 4,000 stores across metros, Tier I and II cities, and rural markets—and its renewed focus on sustainable growth.
Despite facing significant challenges in FY25, including a ₹2,276 crore net loss and restructuring-related job cuts, Ola Electric appears to be regaining momentum. The company has also resolved legacy issues, including a settlement with its former vehicle registration partner, Rosmerta Group.
While Ola Electric continues to address aftersales and service concerns—having resolved over 99% of the 10,644 complaints flagged by the Central Consumer Protection Authority—it remains under regulatory scrutiny, with additional documentation requested earlier this year.
The company’s Q1 FY26 performance is being viewed as a potential inflection point, with rising volumes, improving gross margins, and a clearer growth trajectory heading into the second half of the fiscal year.
