Ola Electric has not let its prestige in selling battery-powered two-wheelers fade so much. The company released its figures for the month of July and claimed that its e-scooter sales increased by a whopping 375% compared to the same period last year (3,859 units). Ola managed to sell around 19,000 electric scooters last month, according to central government portal Bahna. As a result, Ola has been able to hold a 40 percent market share in the two-wheeler electric vehicle market.
Ola Electric’s sales grew 375% in July
Ola Chief Business Officer Ankush Aggarwal said, “Ola Electric has maintained its position in the market. The organization is on track to deliver on its promise to end the IC era. Our groundbreaking and cheapest S1 Air is getting huge response from the customers. This scooter for the general public will help us develop our position.”
Agarwal added, “We are excited about the delivery of the S1 Air starting August and the much awaited annual flagship event. Because there are many exciting announcements at this event.” The company said its entry-level model S1 Air has crossed 50,000 bookings in a few days. Bhavish Agarwal, the leader of the company, has announced the extension of the offer price of Tk 1.10 lakh till August 15, seeing the huge demand from the buyers.
Incidentally, the Ola S1 Air comes with a 3 kWh battery pack. Ola claims to provide 125 km range at no charge. Its maximum speed is 90 kilometers per hour. Again, the maximum power of 6 HP will be generated from the electric motor.