Ola Electric, India’s largest EV company, has seen its market share in the two-wheeler (2W) electric vehicle (EV) segment surge to 34% as of mid-October 2024. The company registered over 15,672 units this month alone, marking a significant milestone in its growth trajectory.
The boost in market share comes on the heels of a strong festive season, with Ola’s S1 portfolio of electric scooters gaining widespread popularity. This is coupled with the company’s expanding service network, which is set to double to 1,000 centers by the end of the year.
Ola has been focusing on enhancing customer service through its #HyperService campaign, which aims to provide a best-in-class after-sales experience. The company also launched an ambitious Network Partner Program, targeting 10,000 partners across sales and service by 2025. In addition, Ola plans to train 1 lakh third-party mechanics to prepare for the EV revolution.
These efforts have positioned Ola not just as a leader in the EV space, but also as a company committed to a seamless ownership experience.
The S1 scooter portfolio, ranging from the premium S1 Pro at Rs 1,34,999 to the more affordable S1 X series starting at Rs 74,999, offers something for every budget. Furthermore, Ola’s Roadster motorcycle series, unveiled at the Sankalp event in August 2024, brings innovative features and a wide range of prices starting from Rs 74,999.
With this broad spectrum of offerings and its expanding network, Ola is well-positioned to continue leading India’s transition towards electric mobility.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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