Ola grabs higher market share as it sells over 25,000 electric scooters in December

Ola Electric announced on Monday that it sold more than 25,000 electric scooters in India by December 2022, turning the ride-hailing company into an electric car maker with more than 30% market share. The car company claimed that despite December being a slow month for car sales, it not only managed to maintain the momentum but also recorded record sales for all EV makers in India.

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Updated on:
January 2, 2023 at 16:53 pm

The Ev manufacturer claims that the Ola S1 electric scooter is in high demand.

The electric two-wheeler maker also claimed in a press release that its Ola S1 electric scooter has been a huge success in the country. It further believes that with the rapid expansion of the network and increased demand, Ola will see EVs become mainstream sooner.

Also read: TVS Motors’ December sales down 3.28%

Commenting on its sales performance, Ola Electric founder and CEO Bhavish Aggarwal said 2022 has proven to be a turning point for India to become a global EV hub. He also claimed that Ola is currently the largest and fastest growing EV company in India. “At Ola, we are committed to Mission Electric and have successfully driven the adoption and popularity of EVs across the country. Ola is now the largest and fastest growing EV company in the country. If last year has shown us what EVs can really be Potential electric vehicle market in India, next year is poised to open the floodgates of electric vehicles in the country,” he further added.

Ola Electric, which operates on a D2C (direct-to-customer) model, has also recently started focusing on expanding its experience centers. The car company currently has 100 experience centers across the country. It also plans to open 200 more stores by the end of March 2023. Ola further claimed that it is working hard to build a strong electric vehicle roadmap to accelerate the world’s transition to electric vehicles.

First published date: Jan 2, 2023 at 16:52 PM CST


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