The May sales build on the recovery momentum seen in the months of March and April 2026, the company said.
According to VAHAN, industry volumes grew from approximately 148,000 units in April 2026 to around 170,000 units in May 2026, reflecting growth of about 15 per cent. Against this backdrop, Ola Electric delivered 23% month-on-month growth, growing nearly three times faster than the industry, it added.
The third consecutive month of robust sales recovery comes on the back of a front-end retail rejig and better operational execution, as Ola’s two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles, Ola said.
India’s electric 2W market has entered a structural transition phase, as the global energy security concerns and rising fuel costs prompt consumers to increasingly seek lower operating costs and reduced dependence on fossil fuels, the company said.