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Bengaluru: Bhavish Agarwal-led Ola Electric has officially released its vehicle registration numbers for the first quarter of the financial year 2026, where it has nearly doubled its vehicle registrations from 22,252 last year to 43,719 this time. The company claims this has come after continued improvement in retail execution, product availability and sustained demand. For the month of June, the company has sold 16,144 units, a 20% decline from the 20,190 units it sold in June last year.
“Q1 FY26 marks a significant milestone in our growth journey, with registrations doubling sequentially and June registering 16,144 vehicles – our strongest monthly performance in recent quarters. The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric. We remain focused on accelerating EV adoption through technology leadership, manufacturing scale and delivering a differentiated ownership experience.” Ola Electric said in a press release.
What it didn’t say was the challenge it was facing in keeping its head above water with increasing competition in the space, especially since the Bhavish Agarwal-led company aims for expansion amid manufacturing and customer support challenges.
India’s electric two-wheeler market continues to grow strongly, as rising consumer preferences for electric mobility and a favorable economic environment offer greater security and sustainability. Ola has a long way to go to regain the trust it once had in the market, it has aggressively tilted its production architecture as it looks to target entry level EV users with its S1 X range of e-scooters. How that will go ahead in the long run remains to be seen.
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