Ola Electric’s market share drops to 31 percent in August

Bhavish Aggarwal-run Ola Electric clocked its lowest monthly sales this year, dropping 34 per cent sequentially to 27,506 units in August, as its market share nosedived further to 31 per cent.

As per vehicle registration data available on the central government’s Vahan portal, Ola Electric had a market share of



31 per cent in India’s electric two-wheeler (2W) market in August as its closest rivals TVS and Bajaj Auto logged 20 per cent and 19 per cent market share, respectively.

The company’s retail sales of 27,506 units are lowest in the calendar year to date, down by 34 per cent compared to 41,711 units it sold in July.