By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News for IndiaNews for IndiaNews for India
  • Home
  • Posts
  • Search Page
  • About us
Reading: Ola Electric share price edges higher after March 2025 business update. Details here | Stock Market News
Share
Font ResizerAa
News for IndiaNews for India
Font ResizerAa
  • Economics
  • Business
  • Home
  • Categories
    • Business
    • Economics
  • About us
  • Sitemap
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News for India > Business > Ola Electric share price edges higher after March 2025 business update. Details here | Stock Market News
Business

Ola Electric share price edges higher after March 2025 business update. Details here | Stock Market News

Last updated: April 1, 2025 10:06 am
4 months ago
Share
SHARE


Contents
Ola’s registration backlogOla share price trend

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.

Ola’s registration backlog

The confidence in the stock stems from the promising update on the clearance of the February backlog. The company said the shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving, Ola said in a filing.

“We have nearly cleared the February backlog and expect to complete the remaining February–March registrations in April 2025. To support this, we’re scaling up our registration operations and actively coordinating with all external stakeholders,” it added.

In another update, the company said it has also begun deliveries of its Gen 3 portfolio in March 2025 amid strong customer response, with demand surpassing expectations. “As a result, we ramped up the production of our Gen 3 portfolio in March and will continue ramping it up further in April for faster deliveries and better customer experience,” Ola said.

Ola share price trend

Following the March 2025 business update, Ola Electric’s share price gained 2% in intraday deals today. The electric two-wheeler manufacturer’s shares opened at ₹53.72, as against its previous close of ₹52.97, and extended gains to the day’s high of ₹54.04.

Despite these gains, the company’s stock is 66% below its record high level of ₹157.53. Meanwhile, the stock is also trading 28% below its IPO price of ₹76. In 2025 alone, the Ola Electric stock has lost 37.99%.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.



Source link

You Might Also Like

Titan Company shares gain 1% amid weak Indian stock markets post Q1 results: Should you buy or sell the stock? | Stock Market News

LIC share price jumps over 4% post Q1 result 2025. Should you buy? | Stock Market News

AU Small Finance Bank share price jumps over 7% on receipt of RBI approval for Universal Bank license | Stock Market News

MCX, Hindalco, Indian Oil Corporation among 8 stocks to trade ex-dividend today, 8 August 2025 | Stock Market News

All Time Plastics IPO Day 2 Live: Issue subscribed 35% so far. Check GMP, subscription, review. Should you apply or not? | Stock Market News

TAGGED:Bhavish AggarwalEV stockIndian stock marketOla ElectricOla Electric March salesOla Electric share priceOla Electric share price trendOLA Electric stock priceStock market newsStock market today
Share This Article
Facebook Twitter Email Print
Previous Article HBL Power Systems stock jumps over 10% to 6-week high on securing ₹762 crore Kavach orders | Stock Market News
Next Article Small-cap stock below ₹50 jumps 7% despite weak Indian stock market. Do you own? | Stock Market News

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

News for IndiaNews for India
© Wealth Wave Designed by Preet Patel. All Rights Reserved.
  • BUSINESS