New Delhi: The demand for electric two-wheelers is surging among Indian consumers, driven by a wider array of options and increasing environmental awareness. Among these, electric scooters are leading the charge. While several companies like TVS, Hero, and Ather are making significant strides, one company stands out by a considerable margin: Ola Electric.
Ola Electric’s Remarkable Growth
Ola Electric has emerged as the market leader in the electric scooter segment, selling an impressive 41,624 units in July 2024. This marks a staggering 114.49% annual growth compared to the 19,406 units sold in July 2023. This surge has boosted Ola Electric’s market share to 38.64%.
Top Performers in the Electric Two-Wheeler Market
TVS Motor Company secured the second spot, selling 19,486 units of its iQube electric scooters, reflecting an 87.40% annual growth. TVS offers three models of the iQube, catering to various customer needs.
Bajaj Auto followed closely, with 17,657 units sold and an astonishing 327.43% annual growth. Bajaj’s Chetak electric scooter has been a significant contributor to this growth.
Ather Energy ranked fourth, selling 10,087 units with a 50.89% annual growth². Ather’s innovative designs and robust performance have made it a popular choice.
Hero MotoCorp rounded out the top five, selling 5,045 units of its Vida electric scooter, achieving an impressive 409.60% annual growth.
Ola Electric’s Diverse Lineup
Ola Electric currently offers three models in the market:
- Ola S1 Pro: The premium model is priced at ₹1.34 lakh (ex-showroom).
- Ola S1 Air: A mid-range option priced at ₹1,06,499 (ex-showroom).
- Ola S1 X: The most affordable model is priced at ₹74,999 (ex-showroom).
With such a diverse lineup, Ola Electric continues to cater to a broad spectrum of customers, solidifying its position as the leader in the electric scooter market.
