Ola continues to dominate two-wheeler EV market; grows 300% year-on-year

Ola Electric, which is considered to be India’s largest EV company has recorded sales of over 35,000 units in the month of May.

The new sales record has also translated into a significant market share of over 30 per cent for Ola and a year-on-year growth rate of 300 per cent in May.

Commenting about the growth and achievement, Ola Electric Founder and CEO Bhavish Aggarwal said that month after month, the companies have experienced exponential growth and Ola has consistently led the EV revolution in India. He said the remarkable feat not only reflects the unwavering customer confidence in the brand but also signifies the surging desire for technologically advanced EVs in the country.

With the EV revolution being at the heart of Ola, today the S1 is the most compelling EV proposition in the 2W segment in the country. With the revised subsidies coming into effect starting June, Ola S1 Pro is now priced at ₹1,39,999, S1 (3KWh) at ₹1,29,999, and S1 Air (3KWh) at ₹1,09,999.

In addition to its sales success, Ola is actively expanding its offline presence through the establishment of Ola Experience Centers (ECs) across India. Ola claims that these centers play a crucial role in accelerating the adoption of electric vehicles in the country. Ola recently launched its 600th EC and plans to further expand to 1,000 centers by August. Ola claims that 90 per cent of Ola's customers reside within a 20-kilometer radius of an Ola Experience Center.