Bengaluru, February 28, 2025 – Ola Electric Mobility Limited (NSE: OLAELEC | BSE: 544225), India’s largest pure-play electric vehicle (EV) manufacturer, today announced robust sales of over 25,000 units for February 2025. The company has solidified its leadership position with an impressive market share exceeding 28% in the EV two-wheeler segment.
Key Operational Highlights:
- February 2025 Sales: More than 25,000 units sold.
- Market Share: Over 28%, maintaining market dominance.
- Distribution Network: Expanded presence with 4,000 stores nationwide.
Product and Pricing Expansion:
Ola Electric recently introduced its third-generation EV scooter range, significantly elevating technology standards within the industry:
| Model | Battery Capacity | Price (₹) |
|---|
| S1 X | 2kWh | ₹79,999 |
| S1 Pro+ | 5.3kWh | ₹1,69,999 |
Furthermore, marking its entry into the electric motorcycle segment, Ola Electric unveiled the Roadster X series:
| Roadster Series Model | Battery Capacity | Range per Charge | Price (₹) |
|---|
| Roadster X | Base Variant | - | ₹74,999 |
| Roadster X+ | 4.5kWh | - | ₹1,04,999 |
| Roadster X+ | 9.1kWh (4680 Bharat Cell) | 501 km/charge | ₹1,54,999 |
Strategic Initiatives and Product Innovation:
Ola Electric introduced the MoveOS 5 beta software, featuring advancements such as:
- Brake by Wire
- Smart Park
- DIY Ride Modes
- Bharat Mood
- Live Location Sharing
The launch of the new Roadster X series and upcoming deliveries scheduled for March 2025 signal Ola Electric’s strategy to expand EV adoption beyond urban regions, targeting substantial demand in Tier 3 and Tier 4 towns.
Operational Adjustments:
Ola Electric disclosed temporary registration number disruptions on the VAHAN portal due to renegotiations with vehicle registration agencies. The restructuring is intended to optimize costs and improve process efficiency.
Management Commentary:
A spokesperson from Ola Electric Mobility Limited commented:
“We have successfully maintained a strong sales momentum & leadership position throughout February. Driven by our comprehensive scooter portfolio and extensive retail network, we are witnessing increased demand from Tier 3 and Tier 4 regions. With Roadster X deliveries commencing next month, we anticipate further acceleration in EV adoption across India’s two-wheeler market.”
Company Overview:
Ola Electric Mobility Limited is India's leading EV manufacturer, distinguished by its vertically integrated approach encompassing technology development and manufacturing of EVs and core components. Ola operates the state-of-the-art Ola Futurefactory, an extensive EV hub in Tamil Nadu, alongside the upcoming Ola Gigafactory and Bengaluru-based Battery Innovation Centre (BIC), dedicated to advancing battery cell technology. The company boasts India’s largest company-owned automotive retail network with over 750 stores nationwide.
Outlook:
With sustained sales momentum, strategic product introductions, and an extensive distribution network, Ola Electric is positioned to strengthen its market leadership and drive substantial EV adoption across diverse Indian markets in the coming months.
