Ola Electric has registered close to 1,00,000 vehicles in the last 3 months, with more than 30,000 units registered in each of the last 3 months
The Bengaluru-based company today announced that it recorded close to 35,000 units registered in February as it remains the top two-wheeler manufacturer in the EV segment and holds a commanding 42% market share. The company clocked its highest ever monthly sales in February and posted an impressive YoY growth of nearly 100% compared to the same month last year.
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, said: “We are seeing consistent growth in registrations and market share which has led us to maintain our leadership position. Our ever-increasing S1 scooter portfolio along with customers being open to buying quality EVs at more accessible price points are the key factors behind this growth. We are confident in continuing our market leadership with best-in-class products and a strong EV infrastructure.”
With this Ola Electric has announced a series of initiatives across its products, service, charging infrastructure and battery warranty in order to lure in more customers and help them break the barriers in the adoption of EVs. With the launch of its latest product S1 X (4 kWh), the company has expanded its stable to six best-in-class products (S1 Pro, S1 Air, S1 X+, S1 X – 2kWh, 3kWh, 4kWh), ranging through different price points that will cater to a wider audience with different range requirements.
The most impressive step by Ola Electric is that they launched the industry’s first 8 year/80,000 km extended battery warranty for the entire range of products at no extra cost, a move that addresses the biggest barrier for EV adoption.
Addressing another important aspect of owning an EV, the company also unveiled the plans to expand its service network by 50% from the current 414 service centres to 600 centres across the country by April 2024. Interested customers can now also opt for add-on warranty and increase the upper limit of the kilometres travelled up to 125,000 km at a nominal starting price of INR 4,999.
It doesn’t end there, as the company announced its ambitious plans to increase its fast-charging network to 10,000 points by the next quarter. The company also introduced a portable fast charger accessory of 3KW and is available for purchase at INR 29,999.