Ola Electric shares have experienced a remarkable recovery, rallying over 60% after hitting an all-time low of ₹22.25. The company's April sales figures revealed 12,166 vehicle registrations, a 20% month-on-month increase from 10,133 units in March, according to VAHAN data. This growth is particularly noteworthy as the overall electric two-wheeler industry saw a decline of more than 22% during the same period. Ola Electric's performance has been attributed to improved customer confidence, stabilizing operations, and a growing demand for its electric vehicle (EV) portfolio. The company highlighted the successful commercialization of its indigenously developed 4680 Bharat Cells, which has enhanced cost efficiencies. However, analysts caution that while the recent sales growth is promising, Ola Electric must continue to build consumer and investor confidence to sustain this momentum. Current market prices for Ola shares stand at ₹36.56, which is 52% lower than its issue price of ₹76.