Ola Electric has reported a strong rebound in business performance for March 2026, signaling renewed momentum in India’s fast-growing electric vehicle (EV) market. The company recorded daily orders crossing 1,000 units in the last week of March, reflecting a noticeable pickup in demand.
According to VAHAN data, Ola Electric registered 10,117 units during March, a significant jump from 3,973 units in February. This translates to over 150% month-on-month (MoM) growth, indicating a sharp recovery in sales and customer traction after a relatively weak previous month. The company also reported a V-shaped recovery in market share, gaining ground steadily through March.
The demand revival appears to be driven largely by improvements in service operations. Ola Electric stated that more than 80% of vehicles are now serviced on the same day. This has been made possible through better availability of spare parts, faster diagnostics, and tighter operational control across its service network. The company had faced service-related challenges in recent months, but recent operational changes have significantly reduced turnaround times and improved the overall customer experience.
This improvement in service efficiency has played a key role in rebuilding customer trust, which in turn has supported the recovery in demand.
In a major milestone, Ola Electric also became the first EV brand in India to cross 1 million cumulative registrations, as per VAHAN data. This marks a significant achievement not just for the company, but also for the broader EV ecosystem in India, highlighting the increasing adoption of electric mobility.
Further strengthening its market position, Ola Electric recently launched its #EndICEAge campaign. The initiative is aimed at accelerating EV adoption by offering competitive pricing and enhancing the ownership experience.
As part of this campaign, the company has introduced several customer-focused assurances, including a Service Trust Guarantee that offers complimentary Ola cab rides in case of service delays, a Buyback Guarantee ensuring assured value on vehicles, and an extended 8-year warranty across its product portfolio. These measures are designed to improve customer confidence and reduce ownership concerns associated with EVs.