'Ola to Ola Hai, Chetak to Shola hai' says Rajiv Bajaj

Rajiv Bajaj, managing director, Bajaj Auto

Rajiv Bajaj, managing director, Bajaj Auto, on December 7, said 'Ola to Ola Hai, Chetak to Shola hai' as he quoted December VAHAN registration data and said Chetak is now the largest selling electric scooter in the country.

Receiving the Outstanding Company of the Year award at CNBC-TV18 India Business Leader Awards 2024, Bajaj said the award could not be better times as his son Rishabh, who has been part of the Electric Chetak team for the past 2.5 years, told him about this feat that morning.

"...My son Rishabh who has been part of the Electric Chetak team for the past 2.5 years told me this morning that based of December VAHAN registration data, our electric scooter Chetak is now the largest selling electric scooter, not third largest, in the country. So, the award could not be better timed.”

Bajaj said “Ola toh Ola hai, Chetak to shola hai.”

Also Read | Bajaj Auto eyes stronger Q3 exports, boosts CNG capacity and preps for Chetak upgrade

Ola Electric led the market with nearly 24.5 percent market share in November even though their retail sales have come down by 30 percent month-on-month and 2% year-on-year.

After accepting the award, he quoted American activist Ralph Nader's famous quote, "I want the guys who love to win, if I can't have them, I want the guys who hate to lose." I am so fortunate I have 10,000 guys who either love to win or hate to lose."

Ola Electric led with 24.5 percent market share in November. TVS Motors was close behind at 23.55 percent and Bajaj Auto at 22.59 percent.