Ola Electric continues to dominate EV 2W registrations, records 107% YoY growth in June 2024

•    Records 36,716 registrations during the month
•    Surpasses 2 lakh registrations in CY2024; becomes the first EV 2W company to achieve the milestone within the first half of a calendar year
 
Bengaluru, July 1, 2024: Ola Electric today announced that it has posted a strong 107% Year-on-Year growth in June 2024 registrations as compared to the corresponding month in 2023. The company recorded 36,716 registrations (according to the government's VAHAN Portal) during the month, continuing its dominance in the EV 2W segment with a market share of 46%. Additionally, the company has recorded an impressive 57% growth in Q1 of FY25 over Q1 FY24. The company witnessed over 1.08 lakh registrations in the quarter ended June 2024.
 
Ola Electric also surpassed 2 lakh registrations in CY2024, becoming the first EV 2W company to achieve the milestone within the first half of a calendar year. The company has so far recorded over 2.28 lakh registrations in 2024.
 
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, said: “We have been the market leader in the EV 2W segment for seven consecutive quarters now. Our steady market leadership reflects the strength of our expansive S1 portfolio with the product offerings across attractive price points, making EVs accessible to everyone. We continue to be steadfast in our commitment to accelerate India’s EV transition and contribute to the growth of the industry.”