Ola Electric Sees 20% Growth in April Registrations Amid Industry Decline
Ola Electric April registrations rise 20% despite EV market decline
Business StandardImage: Business Standard
Ola Electric reported a 20% month-on-month increase in registrations, reaching 12,166 units in April 2026, despite a 22% decline in the broader electric two-wheeler market. This growth highlights improving customer confidence and the company's operational stability amidst challenging market conditions.
- 01Ola Electric registrations rose to 12,166 units in April 2026, a 20% increase from March.
- 02The broader electric two-wheeler market declined by over 22% in the same period.
- 03Ola Electric is the only leading brand to report growth in April.
- 04The company's proprietary 4680 Bharat Cells are enhancing cost efficiency and customer appeal.
- 05Ola aims to accelerate EV adoption in India through technology and affordability.
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Ola Electric experienced a significant 20% month-on-month growth in registrations, totaling 12,166 units in April 2026, according to VAHAN data. This growth occurred despite a 22% decline in the overall electric two-wheeler market, which saw registrations drop from approximately 192,000 units in March to 148,000 units in April. Ola Electric's performance is attributed to improving customer confidence, stabilizing operations, and the successful rollout of its expanding electric vehicle (EV) portfolio, including the new Roadster X motorcycle. The spokesperson highlighted that the commercialization of the 4680 Bharat Cells has enhanced cost efficiencies, allowing the company to pass on benefits to customers. Ola Electric is focused on increasing EV penetration in India, particularly in large markets such as Uttar Pradesh, Bihar, and Madhya Pradesh. In contrast, competitors like TVS Motor Company, Bajaj Auto, and Ather Energy reported declines in their sales, with TVS retaining the top position despite a 24% drop in registrations.
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Ola Electric's growth could lead to increased competition in the EV market, potentially lowering prices and increasing options for consumers in India.
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