Ola Electric registered 37,191 electric scooters, or 49% of all EV registrations, in May. This was an exceptional number, and the company has never before attained such high registration numbers. Retail sales data, however, can differ, and the sector share as a whole might be smaller than the stated registration figures.
In India, Ola Electric has become the country’s top producer of electric two-wheelers by reaching a wider audience. The S1 X, which is the most affordable model, costs ₹₹74,999, ex-showroom. Conversely, their most expensive model, the S1 Pro, retails for ₹1,29,999, ex-showroom. Conversely, their most expensive model, the S1 Pro, retails for ₹1,29,999, ex-showroom. Given the disparity in pricing between these two versions, the company has been able to engage with a wide range of Indian consumers effectively.
Previous Month’s Performance of Ola Electric
According to many media outlets, Ola Electric reportedly held more than 52% of the market share for electric two-wheelers (e2w) in April. The EV manufacturer noted 33,934 registrations. In addition, it demonstrated a noteworthy 54% year-over-year increase compared to the same time last year.
Sales of electric two-wheelers (e2w) reached an all-time high of 131,690 units in March, a 50% increase over the same month the previous year. On the other hand, 57,618 e2w registrations in April represented a significant 56% decrease in total e2w registrations. The reduction may have resulted from the government’s replacement of the FAME II subsidy plan with the Electric Mobility Promotion plan (EMPS). In addition, the government cut the program’s budgeted allocation for the fiscal year 2025 by 44%, to Rs 2,671 crore. Experts in the field believe that this cut could cause the uptake of EVs to stall.
Note that reservations are not included in the Vahan Portal; it only keeps track of the total number of sales that are registered. The reduction may have resulted from the government’s replacement of the FAME II subsidy plan with the Electric Mobility Promotion plan (EMPS). In addition, the government cut the program’s budgeted allocation for the fiscal year 2025 by 44%, to Rs 2,671 crore. Experts in the field believe that this cut could cause the uptake of EVs to stall.
Note that reservations are not included in the Vahan Portal; it only keeps track of the total number of sales that are registered.
