Ola Electric Records over 30,000 registrations in Dec, Here’s All Milestone Achieved in 2023

Curated By: Shahrukh Shah

Last Updated: January 02, 2024, 11:41 IST

Ola Electric. (Photo: Ola)

The brand also registered the highest monthly growth during the month, taking the year-on-year (Y-o-Y) growth at positive number of  74 percent

The electric two-wheeler giant Ola Electric achieved 30,219 registrations in December last year. While confirming the news via official release, the company says that it has captured a share of 40 percent in the EV 2W segment market (as per VAHAN Portal).

With this, the brand also registered the highest monthly growth during the month, taking the year-on-year (Y-o-Y) growth at positive number of  74 percent.

Ola Electric Growth

Ola also shared Q-o-Q growth of 48 percent with overall registrations of 83,963. It has been claimed by the company that the number was achieved in the quarter that ended in December, securing the top position in the EV segment.

Milestone in December

Apart from this, the brand also unlocked another milestone in the same month, where it has reached industry-first production of 4,00,000 scooters in just two years.

Here’s How Ola’s Top Official  Reacted

Reacting about the achievements in calendar year 2023, Ola’s Chief Marketing Officer, Anshul Khandelwal said, “We believe that we have continued our market leadership for yet another quarter on the back of our strong product lineup comprising S1 Pro, S1 Air, and the S1 X+. Our ‘December to Remember’ campaign has been a massive success, bringing thousands more under the EV fold.”

Ola Electric E-Scooter Lineup

Meanwhile, Ola has been getting a positive response from its recently expanded lineup. It has introduced a total of five products for Indian customers. The list includes the company’s flagship e-scooter S1 Pro (2nd Generation), followed by S1 Air, and S1X’s three models S1 X+, S1 X (3kWh), and S1 X (2kWh). The lineup as released under the price range between Rs 99,999 to 1.47 lakh (ex-showroom).

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