Ola Electric announced that the company’s sales will cross the 20,000-unit mark for the third consecutive month in November 2022. The electric scooter maker is currently leading the charge in high-end electric scooters ( ¥100,000 and above) in India and has a 50% market share in ICE and electric vehicles. By comparison, rival Ather Energy managed to sell 7,234 units in November this year, while TVS sold more than 10,000 iQubes last month.
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Commenting on the strong sales, Ola Founder and CEO Bhavish Aggarwal said, “The end of the ICE era is now a reality. The complete dominance of EVs in the premium scooter segment shows that customers today still consider internal combustion engine vehicles as the only The reason is the lack of world-class alternatives to electric vehicles. We will continue to aggressively build and expand our offerings across multiple segments and price points, and lead the transformation of the Indian two-wheeler industry to 100% electric vehicles by 2025!”
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Ola said EVs currently account for 92% of the premium scooter segment, up from 36% in 2021 before the company moved into the segment. Besides Ola, companies like Ather, Okinawa, Okaya, TVS, Ampere, etc. are also selling electric scooters in the high-end scooter segment.
Ola’s aggressive expansion has also helped the manufacturer get better volumes every month. The company is rapidly expanding its web presence and recently opened its 50th experience center in the country. The manufacturer also accelerated its plan to open 200 experience centers by the end of December 2022, up from its previous timeline of January 2023. The brand also plans to launch new products over the next few years, including new electric scooters and motorcycles. year. Ola is working on an electric car that has been teased several times recently. All products will be rolled out from the company’s future factory in Krishnagiri, Tamil Nadu.
First published date: December 1, 2022 at 16:29 PM CST
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