Ola Electric released its sales figures for March 2023, in which the company sold 27,000 units during the month. The company announced that this was Ola’s highest sales volume in a single month, consolidating its market share to over 30%. With impressive sales figures, the company ended fiscal 2023 on a high note, retailing more than 200,000 vehicles in the final financial year.
Ola Electric has been the number one seller of electric two-wheelers for the past seven consecutive months. The numbers come from an aggressive expansion plan for the brand’s experience centers across the country. So far, the two-wheeler maker has more than 400 experience centers in India, which is what it has achieved in just over six months. It plans to expand its offline footprint with 50 new experience centers every day. Nearly 90 percent of its customers live within a 20-kilometer radius of an experience center, Ola said.
Also read: Ola Electric raises $300 million: sources
Ola sells over 200,000 electric scooters in FY2023
Commenting on the impressive sales, Bhavish Aggarwal, Founder and CEO, Ola Electric said, “FY23 has indeed been a defining year for the electric vehicle industry in India. At Ola, we have been firmly prioritizing scale, Speed and uncompromising quality standards, all of which have contributed to the company’s consistent leadership in the market.While last year succeeded in making electric vehicles mainstream, the electric vehicle revolution will expand to human scale in the next few years, and Ola will be at the forefront of this revolution and lead this paradigm shift.”
Ola Electric’s decision to upgrade the front assembly of its existing scooters in the past month has also sparked major controversy in light of multiple accidents. However, the company insisted that the upgrade was a voluntary act in the interest of customers and not a recall. Ola said the number of affected models was small and not eligible for the recall.
Also read: Ola Electric outlines changes for new front suspension.suppress, not recall
Ola Electric also expanded its product portfolio with the entry-level S1 Air last year, while the manufacturer retooled its full variant lineup, bringing 2 kWh, 3 kWh and 4 kWh batteries to the S1 Air, S1 and S1 Pro models option. While the S1 and S1 Pro are already on sale, the S1 Air will start shipping this July.
First published date: March 31, 2023 at 18:52 PM CST
https://auto.hindustantimes.com/auto/electric-vehicles/ola-electric-sales-crosses-27-000-units-in-march-expands-market-share-to-30-41680268342495.html