Ola Electric Tops EV 2W Segment With 35,000 Registrations In February, Secures 42% Market Share

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A file photo of S1 X electric scooter of Ola Electric

Ola Electric has reported 35,000 registrations in February, maintaining its dominant position in the EV 2W segment with a notable 42% market share.

The company achieved its highest monthly registrations, experiencing nearly 100% YoY growth compared to the same month last year.

Over the past three months, Ola Electric has amassed close to 100,000 registrations, consistently reaching 30,000 units each month.

Anshul Khandelwal, CMO of Ola Electric, attributes this success to the expanding S1 scooter portfolio and increasing customer awareness and acceptance of quality EVs at accessible price points.

The company aims to continue leading the market with industry-first initiatives, including an 8-year/80,000 km extended battery warranty, an expanding service network, and plans to increase fast-charging points to 10,000 by the next quarter.

The recent launch of S1 X (4kWh) adds to Ola Electric’s diverse product range, catering to various price points and customer range requirements.

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