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Ola Electric on Wednesday said its electric two-wheeler registrations nearly doubled sequentially in the April-June quarter, aided by improving retail execution, stronger product availability and sustained demand. The company registered 43,719 vehicles in the first quarter of FY2026, up from 22,252 units in the January-March quarter, according to the government VAHAN registration data cited by the company. June vehicle registrations stood at 16,144 units, the highest monthly tally in recent quarters, capping a quarter of steady recovery in sales momentum. "The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric," a company spokesperson said. The Bengaluru-based electric scooter maker said the sequential growth was driven by improvements in retail execution, customer demand and product availability following operational initiatives undertaken over recent quarters. Ola Electric said it .
Ola Consumer has turned free cash-flow positive and achieved profitability, widening the gap with rivals that continue to spend heavily to gain market share in India's fiercely competitive ride-hailing sector, according to company disclosures, industry estimates and people familiar with the matter. The company reported operating revenue of about Rs 1,171 crore in FY25, ahead of Rapido's Rs 934 crore. Industry estimates suggest the gap is even wider on a net revenue basis -- after accounting for customer discounts and driver incentives -- with Ola estimated to have generated Rs 250-300 crore in net revenue during the latest quarter, compared with around Rs 40-45 crore for Rapido and Rs 35-40 crore for Uber, according to people familiar with the developments. The performance reflects Ola's shift over the past two years towards a profitability-focused strategy, prioritising monetisation and cost efficiencies over aggressive discount-led growth. "Short-term growth driven by discounts an
Ola Electric's registrations rose to 15,139 units in May, from 12,323 units in April, a 23 per cent month-on-month increase, according to VAHAN data. The company's performance stood out in a month when the broader electric two-wheeler industry volumes grew by 15 per cent month-on-month, Ola Electric said in a statement. This is a third consecutive month of robust sales recovery, which comes on the back of a front-end retail rejig and better operational execution, as Ola's two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles, it added. "Ola Electric has delivered its third consecutive month of growth, with May registrations rising 23 per cent month-on-month and significantly outpacing industry growth," said an Ola Electric spokesperson. The strong demand environment, coupled with increasing traction for its Roadster portfolio, has helped us maintain the growth momentum, he said, adding that "We remain focused on ...
Ola Electric has secured regulatory approval for a new electric scooter aimed at India's commercial mobility market, according to a government certification document, signalling the company may be preparing to enter the fast-growing commercial EV two-wheeler segment as early as this quarter. The homologation, granted by the Automotive Research Association of India (ARAI) in February 2026 under the Central Motor Vehicle Rules (CMVR), covers an L1-category electric scooter powered by a 4-kilowatt motor with a top speed of about 70 kilometres per hour. The vehicle appears to be based on Ola Electric's existing S1 platform but configured for commercial use cases such as food delivery, quick-commerce logistics and urban fleet operations, according to people familiar with the plan. Industry sources said homologation is typically among the final regulatory steps before a product launch, indicating the vehicle could be nearing commercial rollout. The scooter's configuration suggests a focu
Ola Electric is on track to nearly double quarterly volumes in the June quarter, with registrations in the first quarter of FY27 already surpassing the company's entire Q4 FY26 tally on the VAHAN vehicle registration portal, signalling a sharp recovery in demand after a weak March quarter. According to VAHAN data, Ola Electric has recorded about 22,600 registrations so far in Q1 FY27, exceeding the 22,221 units registered in Q4 FY26 with around 40 days still remaining in the quarter. The rebound follows what the company previously described as a low-volume quarter marked by an operational reset and service stabilisation efforts. Ola Electric has guided for 40,000-45,000 orders and consolidated revenue of Rs 500 crore to Rs 550 crore in Q1 FY27, implying a near doubling from Q4 levels if current registration trends continue through June. Founder and chairman Bhavish Aggarwal said during the company's post-results call that registrations had risen from around 10,000 units in March to
Ola Electric has kicked off a plan to raise up to Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT), according to the sources. OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. Investment bank Avendus and Motilal Oswal are mandated to run the fundraising process, sources said. The development comes amid Ola Electric's efforts to restructure operations and shore up its balance sheet as it works towards its business turnaround. The stake dilution plans will also determine the market valuation of a crucial battery infrastructure asset that has not yet been ascertained, sources said, adding that the asset's unique nature has attracted inbound interest from financial investors, including some leading sovereign wealth funds. The gigafactory, with an upfront investment of Rs 3,500 crore, marks a significant step toward localising battery cel
In view of the safety and convenience of passengers, the Uttar Pradesh government on Tuesday decided to make the state registration mandatory for app-based ride-hailing service providers like Ola and Uber. A decision in this regard was taken by the state Cabinet chaired by Chief Minister Yogi Adityanath. Speaking to reporters after the Cabinet meeting, state transport minister Dayashankar Singh said that Uttar Pradesh will adopt the rules under the Motor Vehicles Act, 1988, that were amended on July 1, 2025. Earlier, there was no regulatory control over Ola and Uber, but now they will also be required to register. They will have to submit applications and pay licence and renewal fees, he said. Until now, authorities could not verify who was driving the vehicles, but now, drivers will have to undergo medical examinations, police verification and fitness checks, the minister said. He further said that in Uttar Pradesh no vehicle will be allowed to operate without registration, fitne
Ride-hailing apps such as Ola, Uber and Rapido were sporadically impacted on Saturday as drivers went on a partial strike across several cities in the country. Telangana Gig and Platform Workers Union (TGPWU) had called for a "breakdown" on February 7 to protest against existing rules and practices of app-based transportation platforms. It has demanded that the Centre and state governments should notify minimum base fare app-based transport services and bar the use of non-commercial vehicles for commercial passenger and goods transport. "We received one of the biggest responses to our call for breakdown today. We had planned to sit with heads and our leaders of 20 states to protest against the practices of app-based transport services firms and unexpectedly driver partners also turned up at Jantar Mantar," TGPWU founder state President Shaik Salauddin told PTI. He said the call was for a breakdown, which was meant to partially not accept bookings when there is peak demand. "We can