Ola Electric Mobility Business Update
Ola Electric has received a ₹95.81 Crore sanction under the PLI-Auto scheme for FY 2026-27. This incentive supports the company's sustained efforts in domestic manufacturing.
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Ola Electric has received a ₹95.81 Crore sanction under the PLI-Auto scheme for FY 2026-27. This incentive supports the company's sustained efforts in domestic manufacturing.
The Ministry of Heavy Industries revised Ola Electric's PLI timelines, allowing the company to unlock up to ₹7,240 Crore in cumulative incentives through CY2031.
Ola Electric signed an MoU with Axis Energy for the deployment of 20 GWh battery energy storage systems by 2032. This marks the company's expansion into utility-scale storage.
Ola Electric logged 43,714 registrations in Q1 FY26, nearly double Q4, and 16,144 units in June 2026. Sales surge highlights rapid EV adoption in India.
Ola Electric reported 15,139 unit registrations in May 2026, achieving 23% month-on-month growth. The company significantly outpaced industry growth, marking its third consecutive month of recovery.
Ola Electric reported 20% MoM growth in April 2026, with registrations rising to 12,166 units despite a 22% industry decline. The company highlighted strong traction for its electric motorcycle portfolio and 4680 Bharat Cell-powered products. This performance underscores Ola's continued recovery momentum and market leadership in the Indian electric two-wheeler segment.