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Ola registers over 400% Y-o-Y growth in August; dominates the EV market with consistent leadership for a year

Bengaluru, August 31, 2023: Ola Electric, India’s largest electric vehicle company, continues to dominate the EV 2W segment and maintained its market leadership for the last one year consecutively. With ~19,000 units registered in August (as per Vahan data), Ola has achieved a Y-o-Y growth of over 400% as compared to the corresponding period last year. Ola has maintained a market share of ~30% during August.

August has been the transition month from Gen-1 to Gen-2 and the company also expanded its manufacturing capacity during this period.

Ankush Aggarwal, Chief Business Officer, Ola, said, “August has been an exciting and a busy month for us as we have expanded our portfolio to five scooters with offerings across all popular price points. The expansive S1 lineup will truly put the EV adoption in a fast lane and accelerate India’s journey towards green mobility. With the festive season setting in, we expect strong sales during this period, and expect the EV industry to witness an inflection point owing to the high consumer demand.”

Ola Electric has witnessed a tremendous response for its all-new and expanded S1 scooter portfolio with more than 75,000 bookings received within two weeks of its launch. The Ola Futurefactory is operational in all three shifts to ramp up production and meet the market demand. Unveiled on the Independence Day as part Ola’s annual flagship event, S1 Pro, S1 Air, S1X+, S1X (3kWh), and S1X (2kWh) are built on a newer and advanced Gen-2 platform, making them one of the best EV propositions across price points currently available in the market.

S1 Pro

Priced at INR 1,47,499, the Gen-2 S1 Pro now sports a twin-fork telescopic front suspension and flat floorboard besides offering an enhanced range of 195 km. The scooter also delivers an industry best top speed of 120 km/h. Purchase window for S1 Pro Gen 2 is now open while deliveries begin mid-September.

S1 Air

Priced at INR 1,19,999, S1 Air boasts a robust 3 kWh battery capacity, peak motor power of 6kW, a certified range of 151 km, and a remarkable top speed of 90 km/hr. The deliveries of S1 Air have recently started in more than 100 cities with more to follow soon.

ICE-Killer S1X

Touted to be an ICE-killer product, S1X comes in three variants – S1 X+, S1 X (2kWh), and S1 X (3kWh) – to suit the needs of all types of riders with different requirements. Both S1 X+ and S1 X (3kWh) come with a powerful 6kW motor, a 3kWh battery that gives a range of 151 km, and a top speed of 90 km/h. The S1 X (2kWh) also comes with a powerful 6kW motor, a 2kWh battery that gives the scooter a range of 91 km and a top speed of 85 km/h.

The S1 X+ is available to purchase at INR 1,09,999 and the deliveries begin in September. Pre-reservation window of the S1 X range is open at INR 999 only. With their deliveries to begin in December, S1 X (3kWh), and S1 X (2kWh) scooters are available at an attractive price of INR 99,999, and INR 89,999, respectively.

About Ola

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionized urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.

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