Ola Electric has quite an adventurous run in the Indian market. Despite all the accusations and claims on the internet, the brand still maintains its sales record intact. Ola Electric has been topping up the sales chart consistently for the past three quarters. However, the market is getting more competitive with the launch of new electric scooters in the market. Moreover, with the revised subsidy rates, how well the market reacts to such changes will be a test of time. But until today, Ola has captured a market share of over 30% and has achieved year-on-year growth of 300% during the last month.
With the revised subsidies coming into effect starting in June, Ola S1 Pro is now priced at ₹1,39,999, S1 (3KWh) at ₹1,29,999, and S1 Air (3KWh) at ₹1,09,999. Ola is on its expansion spree; the company recently launched its 600th EC and planned to expand to 1,000 by August.
“Month after month, our sales have experienced exponential growth and Ola has consistently led the EV revolution in India. This remarkable feat not only reflects the unwavering customer confidence in our brand but also signifies the surging desire for technologically advanced EVs in the country. With an unyielding dedication to customer satisfaction, we have marginally increased our product prices starting June, despite significant reduction in government subsidies, making Ola S1 the best EV proposition in India. Ola Electric remains resolute in its mission to promote electric vehicle adoption in the country and redefine the way people travel.”, says Bhavish Aggarwal, Founder and CEO, Ola Electric,