February 26, 2024

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Ola continues to dominate two-wheeler EV market, achieves all-time high registrations of ~30,000 units in November

Bengaluru, December 01, 2023: Ola Electric, India’s largest EV company, today announced its sales performance for November. The company posted its highest-ever monthly tally on the back of the strong festive demand and clocked ~30,000 registrations (as per Vahan data) during the month. With an impressive MoM growth of ~30% and YoY growth of 82%, the company dominated the EV scooter segment with a market share of ~35% in November.

Speaking on the milestone, Anshul Khandelwal, Chief Marketing Officer, Ola, said: “The strong sales performance is a testament to the trust customers have in our brand and our strong product lineup. We have emerged as our customers’ top choice recording our highest-ever registrations, and we expect the trend to continue in December, closing the year on a new high. We are steadfast in our commitment to accelerating India’s journey towards green mobility and inching closer to #EndICEAge in the scooter segment.

Ola Electric has maintained its pole market position for the last five consecutive quarters starting September 2022. The company’s all-new and expanded S1 scooter portfolio has witnessed a tremendous response since its launch.

Besides, Ola S1 Pro and S1 Air have been witnessing a tremendous response and have emerged as the favorite choice for customers during the festive season. With impressive performance and offerings, both S1 Pro and S1 Air are the best EV propositions in their respective categories and are playing a key role in driving India’s EV adoption.

Priced at INR 1,47,499, S1 Pro (2nd Generation) is Ola Electric’s flagship scooter while S1 Air is available at INR 1,19,999. Ola Electric has additionally introduced its ICE-killer product, the S1X in three variants – S1 X+, S1 X (3kWh), and S1 X (2kWh) to cater to the requirements of riders with diverse preferences. The S1 X+ is available for purchase now at an introductory price of INR ₹1,09,999. The reservation window for the S1 X (3kWh) and S1 X (2kWh) is open at INR 999 only. S1 X (3kWh) and S1 X (2kWh) scooters are available at an introductory price of INR 99,999 and INR 89,999, respectively.

About Ola
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionized urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.

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