In December 2023, Ola Electric revealed impressive achievements, registering 30,219 entries and claiming a 40% market share in the electric two-wheeler sector, based on VAHAN Portal data.
The company marked its highest monthly registrations to date, experiencing a 74% year-on-year growth compared to the same month in the previous year.
Furthermore, it achieved a remarkable quarter-on-quarter growth of 48%, accumulating 83,963 registrations in the quarter ending December, reflecting a 68% year-on-year growth compared to the corresponding quarter last year.
Notably, Ola Electric reached a significant production milestone by manufacturing 400,000 scooters within two years. It also secured its position as the first electric two-wheeler manufacturer to surpass 2.65 lakh registrations in a calendar year.
Anshul Khandelwal, Chief Marketing Officer at Ola Electric Technologies Private Limited, attributed the success to the company’s robust product lineup, including the S1 Pro, S1 Air, and the S1 X+.
