New Delhi. Ola Electric has become the number one electric scooter company in the country. The company has surpassed the target of selling more than 2.50 lakh units of electric scooters in India before the end of 2023. According to official information, the company has sold 2,52,647 electric scooters from January 1, 2023, to December 21, 2023. This is the first time that the company has sold such a large number of vehicles in a year.
Electric Two-Wheeler Sales Data
According to electric two-wheeler sales data, the company has recorded an impressive growth rate of 131% year-on-year. It should be noted that this figure is until December 21, and a few days are left for the year to end. By the end of the last week of this year, 8,28,537 electric two-wheelers have been sold in India. Ola Electric’s contribution to this is 31%.
Increased Demand Every Month
Ola Electric has sold an average of 20,000 electric scooters every month this year. The figures show that the demand for electric scooters has been sustained every month. The company started with the sale of 18,353 units in January this year. Meanwhile, in March, for the first time, the company crossed the 20,000 units mark, selling 21,434 units. In the festive month of November, the company performed the best by selling 29,898 units.
Ola’s Market Share More Than 30%
With remarkable sales this year, Ola Electric’s market share of electric two-wheelers has reached 30.5%. Looking at the sales of TVS and Ather, Ola has made significant gains on them. With the sale of 1,62,399 units, TVS’s market share is 19.60%, while Ather’s market share is 12.30% with the sale of 1,01,940 units.
The Cheapest E-Scooter in the Market
The cheapest electric scooter from Ola is the S1 X, which starts at 89,999 rupees (ex-showroom). When fully charged, this electric scooter can run up to 151 kilometers, while its top speed is 90 kilometers per hour. The company offers the option of a 2kWh and 3kWh battery pack for this electric scooter. The company charges a pre-booking amount of 999 rupees for this electric scooter.
Conclusion
In conclusion, Ola Electric has emerged as the number one electric scooter company in the country, selling more than 2.5 lakh units this year. The company has captured over 30% of the market and has the cheapest e-scooter priced at 89,999 rupees. With a market share of over 30.5%, Ola Electric has shown remarkable sales growth, contributing to the increasing demand for electric two-wheelers in India.
