After a difficult start to 2026, Ola Electric now seems to be showing signs of recovery. The company’s electric scooter registrations in the current quarter have already crossed the total numbers recorded in the previous quarter, even with more than a month still left to go.
According to VAHAN registration data, Ola Electric has registered around 22,600 vehicles so far in Q1 FY27. Interestingly, this number has already gone past the company’s entire Q4 FY26 registration figure of 22,221 units. The improvement comes after Ola Electric went through a weak previous quarter, where the company focused on fixing operational issues and improving service quality. Now, the latest numbers suggest that customer demand may be picking up once again.
Founder Bhavish Aggarwal recently stated that monthly registrations have been gradually increasing. The company saw registrations rise from nearly 10,000 units in March to over 12,000 units in April, while May could end closer to 14,000-15,000 units if the trend continues.
Ola Electric is also expecting a stronger financial performance in the current quarter. The company has projected Q1 FY27 revenue between Rs 500 crore and Rs 550 crore, along with expected orders of around 40,000 to 45,000 units. If achieved, this would mark a major improvement compared to the previous quarter.
This rebound is especially important for the brand because Ola Electric recently reported a sharp fall in quarterly revenue, despite managing to reduce its losses through cost-cutting measures. The EV maker has also been facing tough competition from rivals in India’s growing electric two-wheeler market.
While it is still too early to call it a complete turnaround, the latest registration numbers suggest that Ola Electric may finally be regaining momentum in the EV space after a challenging few months.
