Ola Electric has reported a milestone achievement with over 53,000 registrations recorded in March, marking its highest monthly volumes for the fifth consecutive month.
The company experienced a remarkable year-on-year growth of 115% in FY24 compared to FY23, with 328,785 units registered, showcasing consistent expansion. Maintaining its market leadership, Ola Electric sustained impressive growth in March, posting a 42% quarter-on-quarter increase with 119,310 units registered in Q4 FY24.
Anshul Khandelwal, Chief Marketing Officer at Ola Electric Technologies Private Limited, expressed satisfaction with the strong performance, stating, “March marked an exceptional conclusion to FY24 for us, surpassing the 53,000 registration milestone. Our consistent growth in both volumes and market share throughout the year solidifies our position as the industry leader.”
He highlighted the registration of nearly 1.20 lakh units in Q4 FY24 alone, underscoring the strength of their scooter portfolio and their commitment to India’s electrification journey.
In its efforts to promote EV adoption, Ola Electric has introduced several initiatives covering products, services, charging infrastructure, and battery warranty. The recent launch of S1 X (4kWh) expanded the company’s portfolio to six products, catering to diverse customer needs with different range requirements and price points.
