Ola grows market share to more than 30% in EV 2W segment.

January 3, 2023
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 Bengaluru, January 3, 2023: Ola Electric, India’s largest electric vehicles company, today announced its sales figures for the month of December. The company has remained on the top spot and has registered total sales of over 25,000 units during the month. While December is generally a slow month for automobile sales, Ola has not only managed to sustain its growth momentum but has also registered record sales for any EV manufacturer in the country.

With consistent growth in sales, Ola has been successful in increasing its market share to upwards of 30% during the month. Ola S1 scooters have been a huge success in India, and by tying strong demand with its rapidly expanding network, Ola is truly making EVs mainstream in the country. 

 Bhavish Aggarwal, Founder and CEO, Ola Electric, said, “2022 has proven to be the inflection point in India’s journey towards becoming a global EV hub. At Ola, we are committed to Mission Electric and have managed to drive EV adoption and penetration across the country. Ola is now the largest as well as the fastest growing EV company in the country. If last year has shown us the true potential of India’s EV market, next year is poised to open the floodgates for EVs in the country.”

 Ola has been on an expansion spree on the D2C front. With 100 experience centres in operation already across the country, the company is on track to open 200 outlets by the end of March 2023. The company is also working towards building a robust roadmap of electric vehicles to accelerate the world’s transition to electric mobility.

 The company has also recently rolled out MoveOS 3, the latest software update to over 1 Lakh customers over-the-air (OTA). With 50+ features and performance improvements, MoveOS 3 promises to unlock the true potential of Ola’s S1 family of scooters. Another major advantage that the upgrade offers is compatibility of Ola scooters with the company’s rapidly expanding Hypercharger network, currently spread across 27 Indian States. 


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