Ola Electric Q1 FY27: Registrations Up 97%, Market Share Hits 8.4%

Ola Electric Mobility Limited reported strong performance for Q1 FY27, with a 97% quarter-on-quarter growth in registrations, significantly outpacing the broader E2W market. Market share increased from 5.1% to 8.4%, and Auto revenue rose 72% QoQ to ₹455 crore. Despite commodity cost increases, gross margin was sustained at 30.5%. Consolidated operating expenses reduced by 22% QoQ to ₹333 crore, with a target steady-state of ₹300 crore. The company also completed a ₹780 crore Qualified Institutional Placement. The report highlights the strengthening structural case for electric mobility in India, driven by policy support and rising EV adoption.