Ola, which competes against firms including Ather Energy, Okinawa, Hero Electric, and TVS Motor Company, claimed to have kept its market share at roughly 30% in August.
Ola Electric claimed that it has maintained its market dominance for the last year in a row and continues to rule the EV (electric vehicle) two-wheeler (2W) sector. According to data from Vahan, Ola registered about 19,000 units in August, which represents an increase of almost 400% from the same time last year.
SoftBank-backed Ola reported that during August, it kept a market share of roughly 30%. Its rivals include TVS Motor Company, Okinawa Autotech, Ampere, Hero Electric, and Ather Energy.
Ola Electric’s S1 Pro, the company’s flagship product, has received an engineering revamp and is now constructed on the brand-new Gen-II platform. According to the company, August marked the changeover from Gen-I to Gen-II, and during this time the company also increased its manufacturing capacity.
“August has been a busy month for us because we’ve increased the number of scooters in our range to five, with options at all popular pricing points. India’s transition to green transportation would be accelerated by the expansive S1 lineup, according to Ankush Aggarwal, chief business officer of Ola. We anticipate robust sales throughout the next holiday shopping season and anticipate that the EV market will reach a turning point due to increased
Ola Electric said that within two weeks of its launch, more than 75,000 bookings had been made for its completely redesigned and expanded S1 scooter portfolio. All three shifts at the Ola Futurefactory are running in order to scale up production and satisfy consumer demand. The S1 Pro, S1 Air, S1X+, S1X (3kWh), and S1X (2kWh) were unveiled on July 4th as part of Ola’s annual flagship event. They are based on the more recent and sophisticated Gen-II platform. In terms of price points, according to Ola, this gives them one of the greatest EV offerings currently on the market.
“The entire holiday season is going to be huge for us. This holiday season, a widespread switchover from internal combustion engines (ICEs) to electric automobiles is desired.
Earlier this month, Ola Electric revealed #EndICEAge Part-I at its yearly Customer Day celebration. Ola Electric’s main product, the S1 Pro, has received extensive engineering improvements. The scooter’s battery pack, motor, electrical system, and electronic system have all been updated; it costs Rs 1,47,499 in India. A powerful mid-drive motor with a max output of 11 kW and a completely new frame and suspension are also included. With 195 km of increased range and the best top speed in the sector of 120 km/h thanks to these structural modifications, the S1 Pro was made 6 kg lighter. In just 2.6 seconds, it can accelerate from 0 to 40 km/h. It now has a flat floorboard, twin-fork setup up front, and mono shock suspension at the back, just like the S1 Air and S1X, to significantly improve riding.
The Bengaluru-based business presented four high-end electric motorcycles this month at a gala ceremony at its Ola Futurefactory in Tamil Nadu. Sales and delivery will begin in a year. In Krishnagiri, Tamil Nadu, Ola Electric can produce 1 million electric vehicles annually. Within the following six to nine months, it intends to increase that capacity to 2 million. “This building will eventually be scaled up to 10 million units a year,” added Aggarwal. “This plant will also produce our motorcycles. We use the same production techniques for scooters and motorcycles.
