Ola records all-time high registrations of 35,000 in February; consolidates market share to 42%

Bengaluru, March 1, 2024: Ola Electric today announced that it recorded 35,000 registrations in February and continued its pole position in the EV 2W segment with an impressive market share of 42%. The company clocked its highest ever monthly registrations during the month and posted an impressive year-on-year (Y-o-Y) growth of nearly 100% compared to the same month last year. 
 
Ola Electric has recorded close to 1,00,000 registrations in the last three months, with more than 30,000 units registered consistently in December, January, and February. In December, the company became the first EV 2W manufacturer to record 30,000 registrations in a month.  
 
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, said: “We have seen consistent growth in our registrations and market share, and have firmly maintained our leadership position in the market. Our ever increasing S1 scooter portfolio along with customers becoming more aware and open to buying quality EVs at more accessible price points being the key factors behind this growth. We are confident in continuing our market leadership with best-in-class products and a strong EV infrastructure. With our industry-first offering of 8-year/up to 80,000 km extended battery warranty, increasing number of charging points, and widespread service centres, we are breaking all barriers in the EV adoption.”