After Ola released its Q1 FY26 performance report, the company’s share price jumped more than 17% in a single day. That’s not just noise it’s a sign of a possible turnaround. But is it real and lasting? Let’s dig in.

FY25 was a landmark year for India’s electric vehicle (EV) journey, with penetration reaching 7.77% along with a growth rate of 15.31% for the year.