Ola Electric has experienced a notable increase in market share in 2024, achieving a 30 percent growth in sales, despite a challenging environment for the electric two-wheeler industry, which has seen only a 6.3 percent increase overall.
Ola's performance stands out amid subdued sales in the sector, with the company now commanding 39 percent of the total electric two-wheeler market as of October 2024, up from 32 percent in 2023. This growth is significant considering the social media controversies surrounding the company's founder, Bhavish Aggarwal, indicating a strong brand presence and consumer demand for Ola's products.
The total electric two-wheeler sales reached 880,314 units, highlighting Ola's significant role in the market this year.