Bengaluru, June 01, 2023: Ola Electric, India’s largest EV company, has cemented its position as the market leader in the electric two-wheeler segment, and has sold over 35,000 units in the month of May.
Riding on its highest-ever monthly sales in May, Ola has captured an impressive market share of over 30%, and has achieved a year-on-year growth of 300% during the last month. Topping the sales charts consistently for the past 3 quarters is a testament to Ola’s commitment to #EndICEAge and accelerate India’s journey towards electrification.
Bhavish Aggarwal, Founder and CEO, Ola Electric, said, “Month after month, our sales have experienced exponential growth and Ola has consistently led the EV revolution in India. This remarkable feat not only reflects the unwavering customer confidence in our brand but also signifies the surging desire for technologically advanced EVs in the country. With an unyielding dedication to customer satisfaction, we have marginally increased our product prices starting June, despite significant reduction in government subsidies, making Ola S1 the best EV proposition in India. Ola Electric remains resolute in its mission to promote electric vehicle adoption in the country and redefine the way people travel.”
With the EV revolution being at the heart of Ola, today the S1 is the most compelling EV proposition in the 2W segment in the country. With the revised subsidies coming into effect starting June, Ola S1 Pro is now priced at ₹1,39,999, S1 (3KWh) at ₹1,29,999, and S1 Air (3KWh) at ₹1,09,999. While the subsidies have reduced significantly, Ola’s focus on engineering and innovation has enabled the brand to minimize the price impact, and interestingly now the S1 Pro would be retailed at its initial launch price.
Ola is actively augmenting its offline presence through the establishment of numerous Ola Experience Centers (ECs) throughout India to accelerate the adoption of electric vehicles in the country. The company recently launched its 600th EC and has plans to further expand to 1,000 by August. These centres offer customers a wide range of services at one convenient location with 90% of Ola’s customers residing within 20 kilometres of an Ola Experience Centre.
