Ather Energy narrows gap with Ola Electric as EV sales decline amid rare earth magnet crunch

Share via:



Ola Electric’s shift from chasing growth to focusing on profitability has come at a cost. Its market share in the electric two-wheeler segment slipped to 17.2% as of July 27, down from 19.9% in June, as per Vahan data. Ather Energy, its listed rival, is now within striking distance, clocking 13,187 units this month for a 16.5% share.

The gap of just 526 units between Ola Electric and Ather Energy in July so far marks a sharp narrowing compared with June, when Ola Electric had sold over 5,000 units more than Ather Energy.

Ola Electric reported a net…



Source link

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.

Popular

More Like this

Ather Energy narrows gap with Ola Electric as EV sales decline amid rare earth magnet crunch



Ola Electric’s shift from chasing growth to focusing on profitability has come at a cost. Its market share in the electric two-wheeler segment slipped to 17.2% as of July 27, down from 19.9% in June, as per Vahan data. Ather Energy, its listed rival, is now within striking distance, clocking 13,187 units this month for a 16.5% share.

The gap of just 526 units between Ola Electric and Ather Energy in July so far marks a sharp narrowing compared with June, when Ola Electric had sold over 5,000 units more than Ather Energy.

Ola Electric reported a net…



Source link

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

How to watch Liverpool vs Wolves: Premier League 2025-26

The reigning Premier League champions host a Wolves side...

Is ChatGPT Plus worth your $20? Here’s how it...

Follow ZDNET: Add us as a...

Popular