Ola Electric has regained its position as the leader in India's electric two-wheeler (EV 2W) segment, capturing a 25 percent market share in January 2025. The company recorded 22,656 registrations during the month, marking an impressive 65 percent month-on-month growth, according to Vahan data.
This surge comes on the back of Ola’s strong S1 portfolio and the expansion of its sales and service network, which now boasts 4,000 stores across the country, according to sources. The company's rapid growth is also attributed to its upcoming Gen 3 platform, which will serve as the foundation for the S1 series, the sources added.
With Gen 3, Ola aims to enhance performance, safety, efficiency, and reliability, while also improving its gross margins by 20 percentage points over the next 12 months. Bhavish Aggarwal, CMD of Ola Electric, noted that the new platform would bring significant improvements in reliability, quality, and serviceability, with a key change being the switch to mid-mount motors across the range.
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