Ola Electric continues to dominate the 2W EV segment with over 52% market share in April 2024
Records 34,000 registrations during the month of April In April, one in every two 2W EVs registered in India was an Ola S1
City Air News
May 1, 2024 03:56
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Bengaluru, May 1, 2024: Ola Electric today announced that it has captured over 52% market share in the EV 2W segment in April 2024, further cementing its position as the market leader in the country. The company recorded 34,000 registrations (according to Government’s VAHAN Portal) during the month, and registered a Y-o-Y growth of 54% over the corresponding month last year.
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, said: “It has been a phenomenal start to FY25, with our market share crossing the 52% mark in the 2W EV segment. Thanks to our wide scooter portfolio we recorded our second all-time high registrations in the month of April. Our robust cost structures and vertically integrated manufacturing capabilities have collectively contributed to this uptick in our market share. With the deliveries of our mass-market S1 X portfolio starting soon, we are all set and excited to enter the mass market 2W EV segment in India.”
