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Ola Electric registers over 30k registrations in December Ola
Photo Courtesy: Ola Electric Instagram page

Ola Electric registers over 30k registrations in December

India Blooms News Service | @indiablooms | 01 Jan 2024, 05:33 pm

Ola Electric on Monday announced that it recorded 30,219 registrations in December and captured a 40 per cent market share in the EV 2W segment (as per VAHAN Portal).

Clocked highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74 percent compared to the corresponding period in last year, the company said in a release.

Additionally, it posted a Q-o-Q growth of 48 per cent with 83,963 registrations during the quarter ended December and a Y-o-Y growth of 68 percent when compared to the same quarter last year.

Ola Electric has also achieved yet another achievement in December by reaching an industry-first production milestone of 4,00,000 scooters in the span of just two years.

The company has also emerged as the first ever EV 2W manufacturer to record over 2.65 lakh registrations (as per VAHAN Portal) in a calendar year.
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, 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+”.

Ola Electric has recently expanded its scooter portfolio to five products.

Priced at INR 1,47,499, S1 Pro (2nd Generation) is the company’s flagship premium EV scooter while S1 Air is available at INR 1,19,999.

It has additionally introduced the S1X in three variants - S1 X+, S1 X (3kWh), and S1 X (2kWh) to cater to the requirements of riders with diverse preferences.

The S1 X+ is currently available at INR 89,999 with a flat INR 20,000 offer on the ex-showroom price of INR ₹1,09,999.

The reservation window for the S1 X (3kWh) and S1 X (2kWh) is open at INR 999 only and will be available at an introductory price of INR 99,999 and INR 89,999, respectively.

(With UNI inputs)

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