Ola Electric sold 25,000 units last month in the domestic market while owning a market share of over 28 percent in the electric two-wheeler segment in India
Ola Electric has retained the topmost position in the Feb 2025 sales in the electric two-wheeler segment in the Indian market. The Bengaluru-based EV brand sold around 25,000 units this month while capturing a market share of more than 28 percent. The company attributed this sales growth to the newly introduced S1 portfolio and its dealership network of 4000 stores across India. Ola Electric had lost the numero-uno spot in Dec 2024 to Bajaj Auto while the second position was grabbed by TVS Motor Company, thereby pushing it to a distant third spot.
Ola Electric also informed that it has renegotiated its contracts with the vehicle registration agencies. This move had temporarily halted the registrations on the VAHAN portal this month. The renegotiation exercise is carried out to lower down costs and further streamline the registration process.
Spokesperson, Ola Electric Mobility Limited, said, “We have successfully maintained a strong sales momentum & leadership position through the month of February. Owing to our wide scooter portfolio across mass and premium segments, and our network of 4,000 stores across India, we are now witnessing a strong uptick in demand beyond urban cities from Tier 3 & 4 towns. With our Roadster X deliveries scheduled next month, we are confident of further accelerating the EV adoption across the 2W category in India.”
The company had recently rolled out its Gen 3 range of portfolio which included Ola S1 X 2 kWh starting at just Rs 79,999 in our market. Currently, the most premium Ola scooter in India is the Gen 3 S1 Pro+ 5.3kWh at an introductory price of Rs 1.70 lakh (ex-showroom). The brand had also presented the latest MoveOS 5 with features like Brake by Wire, Smart Park, DIY ride modes, Bharat Mood and Live Location Sharing.
After tasting success in the e-scooter segment, Ola is working aggressively to launch its electric motorcycle portfolio. Just a few days back, it rolled out the Roadster X e-motorcycle at a starting price of Rs 74,999 in the domestic market. Ola’s electric bikes will face competition from Revolt Motors and Ultraviolette as it plans to start deliveries from March 2025.
The Roadster X+ mid-spec variant gets a 4.5 kWh battery while priced at Rs 1.05 lakh. Last but not the least, the top-of-the-range Roadster X+ 9.1 kWh has a sticker price of Rs 1.55 lakh while returning a range of 501 km on a single charge, which is highest for any electric two-wheeler in the entire world.
