Ola Electric Reclaims No.1 Spot in EV Two-Wheelers With 25% Market Share in January

Ola Electric on Friday said it has reclaimed market leadership in the electric two-wheelers segment with 22,656 registrations recorded in January. On the back of the strong S1 portfolio and the recently expanded sales and service network to 4,000 stores across India, the company witnessed a 65 per cent growth month-on-month and improved its market share to 25 per cent this month, the Bengaluru-based firm said in a statement.

The company on Friday launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999. "With Gen 3, the company is taking a big leap forward in performance, safety, efficiency reliability," it noted. With a new range based on the Gen 3 platform and the recent journey back to the top of the leaderboard, the company hopes to increase the gap with the legacy automakers, Ola Electric said.

Before this, Bajaj Auto overtook Ola Electric in the month of December in terms of market share. According to the data from the government's Vahan portal, Bajaj Auto's market share in the two-wheeler EV segment increased by 3 per cent to 25 per cent in December 2024, which was 22 per cent in November.

At the same time, Ola Electric's market share declined by 5 per cent on a MoM (month-on-month) basis to 19 per cent in December. It was 24 per cent in November. Along with Bajaj, Ather Energy's market share in the two-wheeler EV segment increased by 3 per cent to 14 per cent in December, from 11 percent in November.