Ola Electric's vehicle registrations fell 33% in November, dropping its market share to 24%.

Ola Electric's vehicle registrations dropped by 33% in November to 27,746 units from over 40,000 in October, leading to a market share decrease to 24% from 30%. Despite the decline, Ola remains the top electric two-wheeler seller. The drop is attributed to increased competition and quality issues. Overall, EV two-wheeler registrations fell 18% month-on-month but rose 23.5% year-on-year to 1.14 lakh units.

December 01, 2024
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