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.