Ola Electric Sales Dip as Bajaj Gains Market Share
- Ola Electric's market share dropped to 27% in September from 32% in August, with sales hitting an 11-month low.
- The company has been facing issues with hardware malfunctions and customer complaints, receiving almost 80,000 complaints monthly.
- Bajaj Auto is catching up, with its market share doubling over the last two quarters.
- Ola Electric's share price fell below Rs 100 for the first time since its stock exchange listing in August.
- Analysts predict Ola Electric's market share could decline to 25% over the next five years due to increased competition and changes in government policies.
Source: The Arc
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“4th Largest EV company in the world excluding china” - Bhavish Bhai
Bhavish Agarwal has been playing nationalism game while promoting Ola or even while updating consumer with its feature launches.. Clear sign that the product is shitty.
A conglomerate of loss making companies
Have you seen their service?
I think they have potential, its not easy to reach where they have reached in such a traditional sector like automobiles. Tonnes of things can be better on service etc but that's sort of the price you pay when you scale fast. If the stock gets hammered, will definitely consider buying
The price is paid by the customers not Ola lol. Atleast with traditional ICE vehicles the company or some mechanic somewhere can fix your vehicle. But ola scooters literally hit a dead end even in their service centers, where no one knows how to fix some issue.
I agree the early buyers are in a fix because of this, I am just assuming that ola should be able to scale a service network
bakwas band ho iski bas kisi tarah
Lots of cheap 2w in the market for delivery and stuff ...ola vehicles are still high end 1 lac plus ...if they want to expand they need a 60k variant for b2b models ...this will bump their market share ..and then it's all about running a tight ship ...I think ola electric will be a lucrative buy at 70-80 ....with an upside till 350 by 2027... since it's heavily asset backed... if Paytm and Zomato can ...why not ola ...