On April 1, shares of Ola Electric Mobility surged 14.21%, reaching a day's high of ₹26.04. This spike follows a strong March performance, where the company reported a 150% year-on-year increase in registrations, totaling 10,117 units. This marks Ola Electric's most significant single-day gain in seven months. The company also achieved a milestone by becoming the first electric vehicle (EV) brand in India to surpass 1 million cumulative registrations, as per VAHAN data. Improvements in service operations have contributed to this resurgence, with over 80% of vehicles now serviced on the same day, thanks to better parts availability and faster diagnostics. Despite this rebound, Ola Electric's shares are still trading at a steep discount, approximately 83.4% below their all-time high of ₹157.40, reflecting a 64% decline over the past year, impacting retail investors who held a 49.2% stake in the company as of December.