Ola Electric share price edges higher after March 2025 business update. Details here
Stock market today: Shares of Ola Electric Mobility rose nearly 2% on Tuesday, April 1, following the release of the March sales numbers and update on the registration backlog that the company is grappling with.
In an exchange filing shared today, the company said, “Ola Electric registered 23,430 units in March 2025 (as per the VAHAN portal), reflecting strong demand across urban and rural markets.”
However, the figure is lower than 25,000 units registered in February 2025 and significantly below the 50,000-unit monthly target that company founder and CEO Bhavish Aggarwal pegged for Ola to turn EBITDA breakeven.
Additionally, the company informed that it registered 3,44,005 units in FY25 with a market share of 30%, maintaining its…
