Ola Electric is set to nearly double its quarterly volumes in the June quarter, as registrations in the first quarter of FY27 have already exceeded the total registrations for Q4 FY26 on the VAHAN vehicle registration portal, indicating a significant recovery in demand following a sluggish March quarter.

As per VAHAN data, Ola Electric has achieved approximately 22,600 registrations in Q1 FY27, surpassing the 22,221 units registered in Q4 FY26, with nearly 40 days left in the quarter.

The recovery comes after the company had previously characterized a low-volume quarter featuring an operational reset and efforts to stabilize services.

Also Read: Honasa Consumer Appoints Saahil Nayar as Business Head & SVP

Ola Electric has projected 40,000-45,000 orders and a consolidated revenue of Rs 500 crore to Rs 550 crore in Q1 FY27, suggesting a nearly twofold increase from Q4 figures if current registration trends persist through June.

Founder and chairman Bhavish Aggarwal stated in the company's post-results call that registrations increased from approximately 10,000 units in March to roughly 12,000 in April, while May is showing a trend toward 14,000-15,000 units. He mentioned that order growth was surpassing registrations, suggesting ongoing demand momentum.

In its letter to shareholders, the company announced that registrations in April increased by 20 percent month-over-month to 12,166 units, even with a decline of over 22 percent in the overall electric two-wheeler market.

Ola Electric indicated that rising weekly registration patterns suggested a strengthening operational trend instead of a short-term surge.

Also Read: Mythik Secures $5 Million in Funding Round

Management has established Q1 FY27 as the start of a more structured expansion after what it referred to as a reset year in FY26. The company stated that its goals for FY27 involve regaining volumes, enhancing service reliability, maintaining margins, and reinforcing cash flow generation.

Ola Electric stated that reaching adjusted operating EBITDA breakeven is possible with monthly sales ranging between 20,000 and 25,000 units, varying by pricing, product mix, and commodity expenses.

The increase in registrations indicates that the June quarter may signify a significant reversal for the company following multiple quarters of operational and market challenges. Aggarwal stated that the firm was experiencing strong demand, as orders were increasing prior to registrations. The registration recovery occurs after what Ola described as a 'V-shaped sales rebound' following the stabilization of service operations.

In its letter to shareholders, the firm reported that April registrations increased to 12,166 units, representing a 20 percent rise from the previous month, despite the overall electric two-wheeler sector dropping by over 22 percent. The firm noted that the rise in weekly sign-ups indicated a strengthening operational trend instead of a temporary monthly occurrence.

Also Read: Cohesity Earns AWS Resilience Competency for Enterprise Cyber Recovery

Ola's leadership has identified Q1 FY27 as the beginning of a structured expansion following the reset year of FY26. The firm stated that its Q1 forecast indicates advancements in service, sales performance, and market resurgence, while its FY27 objectives involve regaining volumes, maintaining service reliability, preserving margin leadership, and enhancing auto cash flow.

The rebound also moves Ola nearer to the monthly volumes required for operating leverage. The firm stated that reaching adjusted operating EBITDA breakeven is possible at 20,000–25,000 units each month, depending on pricing, mix, and commodity factors.

The VAHAN trend indicates that the June quarter may signal a significant sequential rebound for Ola Electric, as Q1 registrations have surpassed Q4 figures and the company's declared volume guidance suggests an almost doubling of quarterly volumes.