Ola Electric consolidates electric two wheeler leadership with market gain
Ola Electric, which filed its Draft Red Herring Prospectus (DRHP) for a Rs 5,500 crore IPO last month, has pushed the pedal on sales, grabbing a market share of over 41 per cent in the electric two wheeler market, its highest in CY23 with 30,219 registrations last month.
The increase was partly the result of a fall in registrations by Ola’s top competitors — TVS, Bajaj and Ather — from their levels in November.
Ola’s increase in market share was substantial. In November, it stood at 33.5 per cent. Bajaj and TVS collectively surpassed Ola with a 34.6 per cent share.
