Ola electrical scooters.
| Photo Credit: Special Arrangement
Ola Electric on January 1 introduced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2W segment (as per VAHAN Portal).
The firm clocked its highest ever month-to-month registrations throughout the month and posted a year-on-year (Y-o-Y) development of 74% in comparison with the similar month final yr. Additionally, it posted a Q-o-Q development of 48% with 83,963 registrations throughout the quarter ended December and a Y-o-Y development of 68% when in comparison with the similar quarter final yr.
Ola Electric has achieved one other achievement in December by reaching an industry-first manufacturing milestone of 4,00,000 scooters in the span of simply two years. The firm has additionally emerged as the first ever EV 2W producer to file over 2.65 lakh registrations (as per VAHAN Portal) in a calendar yr, mentioned a launch.
Anshul Khandelwal, Chief Marketing Officer at Ola Electric Technologies Private Limited, mentioned “We believe that we have continued our market leadership for yet another quarter on the back of our strong product lineup comprising S1 Pro, S1 Air, and the S1 X+. Our ‘December to Remember’ campaign has been a massive success, bringing thousands more under the EV fold.”
