Ola Electric registers over 30k registrations in December
Ola Electric on Monday announced that it recorded 30,219 registrations in December and captured a 40 per cent market share in the EV 2W segment (as per VAHAN Portal).
Clocked highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74 percent compared to the corresponding period in last year, the company said in a release.
Additionally, it posted a Q-o-Q growth of 48 per cent with 83,963 registrations during the quarter ended December and a Y-o-Y growth of 68 percent when compared to the same quarter last year.
Ola Electric has also achieved yet another achievement in December by reaching an industry-first production milestone of 4,00,000 scooters in the span of just two years.
The company has also emerged as the first ever EV 2W manufacturer to record over 2.65 lakh registrations (as per VAHAN Portal) in a calendar year.
Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies Private Limited, said “We believe that we have continued our market leadership for yet another quarter on the back of our strong product lineup comprising S1 Pro, S1 Air, and the S1 X+”.
Ola Electric has recently expanded its scooter portfolio to five products.
Priced at INR 1,47,499, S1 Pro (2nd Generation) is the company’s flagship premium EV scooter while S1 Air is available at INR 1,19,999.
It has additionally introduced the S1X in three variants - S1 X+, S1 X (3kWh), and S1 X (2kWh) to cater to the requirements of riders with diverse preferences.
The S1 X+ is currently available at INR 89,999 with a flat INR 20,000 offer on the ex-showroom price of INR ₹1,09,999.
The reservation window for the S1 X (3kWh) and S1 X (2kWh) is open at INR 999 only and will be available at an introductory price of INR 99,999 and INR 89,999, respectively.
(With UNI inputs)
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Hindu man stabbed and set ablaze in Bangladesh survives by jumping into pond; fourth attack in two weeks
Swiss police rule out terror as deadly fire ravages New Year party at Alps bar
‘Shah Rukh Khan a traitor’: BJP leader slams KKR owner over Bangladeshi player signing
Dakota Johnson sparks dating buzz after cozy dinner with singer Role Model
