Ola Captures 40% Market Share In E2W Segment In July

Ola Electric, an electric vehicle manufacturing company, sold close to 19,000 units in July (as per Vahan data), capturing 40 per cent market share. The company has gained strong momentum, achieving a Y-o-Y growth of 375 per cent in sales as compared to the corresponding period last year.

Ankush Aggarwal, Chief Business Officer of Ola, said, “Ola Electric has maintained its market position and remains steadfast in its commitment to making #EndICEAge a reality. As we enter August, we are excited about the deliveries of S1 Air and our much-awaited annual flagship event with many exciting announcements to come.” 

Boasting a 3 kWh battery capacity, a range of 125 km, and a top speed of 90 km/h, the Ola S1 Air has recorded more than 50,000 bookings as of now.