Ola Electric’s market share increases to 25.8% in January

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Ola Electric saw its market share increase by six percentage points to 25.8% in January from a month ago selling 24,335 vehicles, according to Vahan data. However, this remains less than half of the Bengaluru-based company’s total market share of 53.6% in April last year.The decline in share comes amid rising competition in the electric two-wheeler space, regulatory run-ins, and mounting customer complaints.

Ola Electric faces competition from TVS Motor, Bajaj Auto, and IPO-bound Ather Energy, which together account for around 90% of the electric…



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Ola Electric’s market share increases to 25.8% in January


Ola Electric saw its market share increase by six percentage points to 25.8% in January from a month ago selling 24,335 vehicles, according to Vahan data. However, this remains less than half of the Bengaluru-based company’s total market share of 53.6% in April last year.The decline in share comes amid rising competition in the electric two-wheeler space, regulatory run-ins, and mounting customer complaints.

Ola Electric faces competition from TVS Motor, Bajaj Auto, and IPO-bound Ather Energy, which together account for around 90% of the electric…



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.

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