● Witnessed strong festive demand with sales of over 50,000 units and registrations of 41,605 units in October 2024
● Records a strong 74% Y-o-Y growth (registrations) in October 2024 as compared to the same month last year
● Consolidates market leadership with 30% market share during the month of October
Bengaluru, November 1, 2024: Ola Electric, India’s largest pure-play EV company, today announced the sales and registrations for the month of October 2024. Ola Electric has sold over 50,000 units and has registered 41,605 units (as per Vahan data) in October 2024, cementing its market leadership in the EV 2W segment. With a market share of 30%, the company continues to dominate the EV 2W segment in India. The company also reported Y-o-Y growth of 74% in registrations in October 2024 as compared to the same month last year.
Spokesperson, Ola Electric Mobility Limited, said, “The festive season has been really strong for us on the back of our expansive portfolio, uptick in consumer demand, and the strengthening of our sales network across India. We have witnessed an increase in EV adoption especially in Tier 2 and 3 markets and we are confident that this positive growth will cascade in the coming months as well.”
With a focus on delivering a technology-led after-sales experience, the company recently announced a series of initiatives to enhance the after-sales and ownership experience. The company kickstarted #HyperService campaign to double its company-owned service network to 1,000 centres by December 2024. Additionally, as part of the Network Partner Program, the company will onboard 10,000 partners across sales and service by the end of 2025. The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics to make every mechanic EV-ready across India.
Ola Electric offers an expansive S1 portfolio with six offerings across attractive price points catering to customers with different range requirements. While the premium offerings S1 Pro and S1 Air are priced at ₹1,34,999 and ₹1,07,499, respectively, the mass market offerings include S1 X portfolio (2 kWh, 3 kWh, and 4 kWh) priced at ₹74,999, ₹87,999, and ₹101,999, respectively.
At its annual ‘Sankalp’ event in August 2024, the company announced the launch of its Roadster motorcycle series, comprising Roadster X (2.5 kWh, 3.5 kWh, 4.5 kWh), Roadster (3.5 kWh, 4.5 kWh, 6 kWh), and Roadster Pro (8 kWh, 16 kWh). The motorcycles offer many segment-first technology and performance features, with their prices starting from INR 74,999, INR 1,04,999, and INR 1,99,999, respectively.
