Ola Electric and Ather Energy continues to sees decline in scooter registrations in July

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Ola Electric and Ather Energy, the two prominent electric mobility startups at the forefront of driving EV adoption in the country, saw a significant drop in escooter registrations in July.

While Ola Electric has seen a consistent decline in vehicle registrations over the last three months, the drop in Ather Energy registrations came as a surprise given the startup’s recent month-on-month growth in vehicle registrations. In fact, while Ola Electric has been chastised on several occasions for fires involving its escooters, Ather Energy’s escooters have not been involved in any such incidents. According to Vahan data from August 2, Ather Energy saw a 66% MoM drop in vehicle registrations in July to 1,283 units. In May and June, the figures were 3,338 and 3,829, respectively.

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Ola Electric and Ather Energy continues to sees decline in scooter registrations in July

Ola Electric and Ather Energy, the two prominent electric mobility startups at the forefront of driving EV adoption in the country, saw a significant drop in escooter registrations in July.

While Ola Electric has seen a consistent decline in vehicle registrations over the last three months, the drop in Ather Energy registrations came as a surprise given the startup’s recent month-on-month growth in vehicle registrations. In fact, while Ola Electric has been chastised on several occasions for fires involving its escooters, Ather Energy’s escooters have not been involved in any such incidents. According to Vahan data from August 2, Ather Energy saw a 66% MoM drop in vehicle registrations in July to 1,283 units. In May and June, the figures were 3,338 and 3,829, respectively.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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