Ola Electric Market Share Drops Over 30% in Two Months

• Ola Electric, which recently went public, has seen a significant drop in its market share in the electric two-wheelers segment over the past two months.
• The company's market share fell to 39% in July and further to 33% in August, according to Jefferies.
• TVS regained market share, reaching 19% in August from 15% in Q1 FY25, while Bajaj's share rose to 18% in August.
• Despite the decline, Ola Electric remains the dominant player, having sold 3,29,618 scooters in FY24, nearly double from FY23.
• Ola plans to launch affordable electric motorcycles by Diwali next year, maintaining its lead in the market.

Source: Entrackr