Strong Market Presence with 30% Share in FY25
Ola Electric has reaffirmed its position as a leader in India's electric two-wheeler market by selling 3,44,005 units during fiscal year 2025. The company now commands a robust 30% share of the electric scooter segment, underscoring its continued dominance amid increasing competition.
Robust Demand Across Urban and Rural Areas
According to data from the VAHAN portal, Ola Electric registered 23,430 vehicles in March 2025 alone, signaling a steady and strong demand across both urban and rural markets. This performance demonstrates the widespread appeal of the company's latest offerings and consumer confidence in its products.
Clearing February Backlog and Improving Registration Process
Ola Electric has made significant strides in addressing registration backlogs stemming from operational shifts in February. The Bengaluru-based company transitioned to an in-house vehicle registration process, which temporarily disrupted operations but is now seeing steady improvement. The firm reported nearly completing its February backlog and expects all remaining February-March registrations to be finalized by April 2025.
A spokesperson for Ola Electric highlighted the company's progress, stating, "Ola Electric continues to see strong demand across urban and rural markets during March 2025. We've nearly cleared the February backlog and are rapidly scaling operations to complete all pending registrations. The response to our Gen 3 portfolio has been phenomenal, exceeding all expectations and pushing us to significantly ramp up production."
Enhanced Production of Gen 3 Portfolio
The strong consumer response to Ola Electric's latest Gen 3 scooters has driven the company to significantly increase production capacity in March. The firm plans to further ramp up manufacturing throughout April to meet rising demand and enhance customer satisfaction by reducing wait times.
Ola Electric is optimistic about continuing this growth momentum through streamlined operations, improved delivery timelines, and consistent expansion of its production capabilities.
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