Ola Electric increases electric two-wheeler market share to 40% and plans to launch an electric autorickshaw.
Ola Electric's market share of electric two-wheelers increases to 40% due to price cuts and affordable models, according to a report by Elara Securities India. The company plans to launch an electric autorickshaw called Raahi, competing with established players like Mahindra Treo, Piaggio Ape e-city, and Bajaj RE. Ola Electric is expected to make several announcements, including updates on its gigafactory, before its planned initial public offering.
March 13, 2024
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