Ola Electric records sales of 25,000 units in Feb'25; EV 2W market share at 28%

The company's market share for the period under review in the EV 2W segment was over 28%.

Ola Electric had commanded a market share of 25% and registered 24,341 units (as per VAHAN data) in January 2025.

The company had recently announced the renegotiation of its contracts with its vehicle registration agencies, a move that temporarily affected registration numbers on the VAHAN portal during February 2025. The negotiations aim to reduce costs and streamline the registration process.

Spokesperson, Ola Electric Mobility, said: 'We have successfully maintained a strong sales momentum & leadership position through the month of February.

Owing to our wide scooter portfolio across mass and premium segments, and our network of 4,000 stores across India, we are now witnessing a strong uptick in demand beyond urban cities from Tier 3 & 4 towns.

With our Roadster X deliveries scheduled next month, we are confident of further accelerating the EV adoption across the 2W category in India.'

Ola Electric Mobility is a manufacturer of electric vehicles (EVs) and certain core components for EVs such as battery packs, motors, and vehicle frames at the Ola Future factory.

The company had reported a net loss of Rs 495 crore in the quarter ended September 2024 as against net loss of Rs 524 crore during the previous quarter ended September 2023. Sales rose 39.06% to Rs 1214 crore in Q3 FY25 as compared with Q3 FY24.

The scrip fell 2.11% to currently trade at Rs 55.71 on the BSE.