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Ola Electric Tops 36,000 Registrations in June 2024, Secures 46% Market Share in EV Two-Wheeler Segment

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Ola Electric leads with 36,716 registrations in June 2024, holding 46% market share in electric two-wheelers, surpassing 2 lakh registrations in 2024.

Robin Attri

Jul 04, 2024 10:38 am IST

Ola Electric Tops 36,000 Registrations in June 2024, Secures 46% Market Share in EV Two-Wheeler Segment
Ola Electric Tops 36,000 Registrations in June 2024, Secures 46% Market Share in EV Two-Wheeler Segment

In a significant milestone for Ola Electric, the company has reported 36,716 registrations in June 2024 alone. This achievement solidifies Ola's leading position in the electric two-wheeler market, commanding a substantial 46% market share.

 

Since the beginning of 2024, Ola Electric has amassed over 2 lakh registrations, marking it as the first brand to reach this milestone in the two-wheeler EV sector within the first half of the year. This rapid growth underscores Ola's growing influence and popularity among consumers opting for electric vehicles.

 

During the first quarter of the 2025 financial year (May to June 2024), Ola Electric experienced a notable 57% growth compared to the previous quarter. The company reported 1.08 lakh registrations, highlighting robust demand for its diverse range of e-scooters.

Ola Electric Records Over 36,000 Registrations in June 2024
Ola Electric Records Over 36,000 Registrations in June 2024

Here's a breakdown of Ola Electric's current e-scooter lineup along with their ex-showroom prices including the Electric Mobility Promotion Scheme Subsidy (EMPS):

  • S1 Pro: ₹1,28,999
  • S1 Air: ₹1,01,499
  • S1 X (4kWh): ₹99,999
  • S1 X+ (3kWh): ₹84,999
  • S1 X (3kWh): ₹85,999
  • S1 X (2kWh): ₹74,999

These prices may vary across different cities due to local factors and subsidies. For accurate pricing information, customers are advised to contact their nearest dealership.

 

Ola Electric's impressive performance in both registrations and market share reaffirms its position as a key player in India's burgeoning electric vehicle market. As the company continues to expand its offerings and market presence, its impact on the EV industry is expected to grow further in the coming months.

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