Ola maintains dominance in EV 2W segment with market share of ~40% in July

Registers a Y-O-Y sales growth of 375% in July
The new S1 Air is available at an introductory price of Rs 1,09,999 till August 15

Ola Electric, India’s largest electric vehicle company, continues its stronghold on the EV 2W market posting impressive sales for the month of July. Ola Electric sold close to 19,000 units in July (as per Vahan data), solidifying its position as the market leader with ~40% market share. The company has gained strong momentum, achieving a Y-o-Y growth of 375% in sales as compared to the corresponding period last year.

Ankush Aggarwal, Chief Business Officer, Ola, said, “Ola Electric has maintained its market position and remains steadfast in its commitment to making #EndICEAge a reality. With our revolutionary yet affordable S1 Air receiving an overwhelming response, we are well-positioned to accelerate India’s EV penetration by driving mass market adoption in the scooter segment. The highly versatile & accessible S1 Air is the perfect answer to ICE scooters, and with its unmatched TCO (Total Cost of Ownership), this will accelerate #EndICEAge much faster. As we enter August, we are excited about the deliveries of S1 Air and our much-awaited annual flagship event with many exciting announcements to come.”

Ola S1 Air received an overwhelming response from customers and recorded a remarkable 50,000+ bookings. Following the high demand and numerous requests to extend the availability of the scooter at its introductory price, the company has extended the offer to all customers at the attractive introductory price of INR 1,09,999 until 15th August.

The Ola S1 Air is the perfect urban city ride companion aimed at driving mass adoption of EV’s. With low running and maintenance cost, the S1 Air offers the cutting-edge technology and design elements inherited from its predecessors, the S1 and S1 Pro, while offering an incredibly affordable price point. Boasting a robust 3 kWh battery capacity, a certified range of 125 km, and a remarkable top speed of 90 km/hr, the Ola S1 Air sets a new benchmark in the realm of electric mobility.

About Ola
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionized urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.