Bengaluru, February 1, 2025
Ola Electric Mobility Limited (NSE: OLAELEC, BSE: 544225), India's largest pure-play EV manufacturer, has reinforced its market leadership in the two-wheeler electric vehicle (EV 2W) segment by recording 24,341 registrations in January 2025, securing a 25% market share. The company achieved a remarkable 77.4% month-on-month (MoM) growth compared to December 2024, as per VAHAN data.Key Highlights:
- Strong Market Performance: Ola Electric maintained its dominant position in the EV 2W industry, supported by its extensive S1 portfolio and expanded sales and service network across 4,000 stores nationwide.
- Launch of Gen-3 Portfolio: The company introduced its Gen-3 EV lineup, featuring the S1 Pro+ (5.3kWh) at ₹1,69,999, alongside S1 Pro (4kWh and 3kWh models) priced at ₹1,34,999 and ₹1,14,999, respectively. The S1 X series starts at ₹79,999, catering to both premium and mass-market segments.
- Technology Advancements:The new Gen-3 platform brings:
- 20% increase in peak power
- 11% reduction in costs
- 4% increase in energy efficiency
- First-in-segment dual ABS braking system
- Patented brake-by-wire technology, enhancing safety and braking efficiency.
- MoveOS 5 Beta Rollout: Ola Electric announced that MoveOS 5 beta will launch in mid-February, introducing Smartwatch App, Smart Park, Road Trip Mode, Live Location Sharing, and Emergency SOS.
- Affordable EV Lineup & Expansion: The company continues to expand its product range with the Ola Gig and S1 Z scooter series, offering flexible solutions for urban and rural customers. Additionally, the Roadster motorcycle series, featuring models with battery capacities ranging from 2.5kWh to 16kWh, was introduced last year.
Company Outlook
Ola Electric remains committed to India’s transition to electric mobility (#EndICEAge) by expanding its direct-to-customer network of 750+ stores and leveraging innovations at its Battery Innovation Centre (BIC) in Bengaluru. The company’s Futurefactory and upcoming Gigafactory in Tamil Nadu aim to bolster domestic EV manufacturing.With its aggressive expansion, technological advancements, and strong sales momentum, Ola Electric continues to solidify its leadership in India's EV 2W segment.
