Ola Electric continues to dominate 2W EV segment, achieves 49% market share in May ‘24
Ola Electric today announced that it has captured 49% market share in May 2024, continuing its dominance in the EV 2W segment. The company recorded 37,191 registrations (according to government’s VAHAN Portal) during the month on the back of its strong S1 scooter portfolio, including the all-new mass-market S1 X range.
City Air News
Jun 1, 2024 09:58
0
Bengaluru, June 1, 2024: Ola Electric today announced that it has captured 49% market share in May 2024, continuing its dominance in the EV 2W segment. The company recorded 37,191 registrations (according to government’s VAHAN Portal) during the month on the back of its strong S1 scooter portfolio, including the all-new mass-market S1 X range.
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, said: “We continue to lead India’s EV transition efforts in the 2W segment with a leading 49% share in the market and a steady growth in our registrations. We recently commenced the deliveries of our mass-market S1 X portfolio, which addresses the high upfront cost of purchasing an EV, one of the biggest barriers to the adoption of EVs. With our S1 X, we continue to work towards expanding the EV 2W market for overall growth of the industry.”
