Ola Electric, the leading player in the electric two-wheeler market, achieved an extraordinary feat in the month of May by selling over 35,000 units of its highly popular Ola S1 electric scooters. This milestone represents the company’s highest-ever monthly sales, solidifying its position as a dominant force in the rapidly expanding electric vehicle (EV) industry. Ola Electric’s remarkable year-on-year growth rate of 300 percent in May further underscores its strong market presence and consumer demand.
Bhavish Aggarwal, the visionary Founder, and CEO of Ola Electric, expressed his utmost satisfaction with the continuous surge in sales and acknowledged Ola’s pioneering role in spearheading the EV revolution in India. Aggarwal credited this tremendous success to the unwavering trust and loyalty of customers in the Ola brand, as well as the escalating demand for advanced electric vehicles across the country. Despite a reduction in government subsidies, Ola Electric has made slight adjustments to its product prices starting in June, ensuring that the impact on customers is minimal.
The Ola S1 electric scooter has emerged as one of the most sought-after options in the two-wheeler segment in India. With the implementation of revised subsidy policies in June, Ola has recalibrated the pricing of its models to align with the new framework. The Ola S1 Pro is now available at ₹1,39,999, the S1 (3KWh) at ₹1,29,999, and the S1 Air (3KWh) at ₹1,09,999. Despite the reduction in subsidies, Ola Electric’s unwavering commitment to engineering excellence and innovation has allowed the company to mitigate the impact on pricing, ensuring that the Ola S1 Pro is still available at its initial launch price.
In addition to its exceptional sales performance, Ola is actively expanding its offline presence by establishing Ola Experience Centers (ECs) across India. These experience centers play a pivotal role in accelerating the adoption of electric vehicles by offering customers a unique opportunity to explore and experience Ola’s cutting-edge technology and feature firsthand. The recent launch of Ola’s 600th EC marks a significant milestone, and the company has ambitious plans to further expand its network to 1,000 centers by August. This strategic expansion ensures that 90 percent of Ola’s customers reside within a convenient 20-kilometer radius of an Ola Experience Center, underlining the brand’s commitment to accessibility and customer satisfaction.
As Ola Electric continues to reshape the electric mobility landscape in India, its record-breaking sales figures and widespread presence through Experience Centers solidify its position as a frontrunner in the EV industry. With an unwavering commitment to innovation, Ola Electric aims to revolutionize transportation and contribute to a greener and more sustainable future. The company’s achievements in May serve as a testament to the growing popularity of electric scooters and Ola’s ability to meet the evolving needs of consumers while driving the adoption of eco-friendly transportation solutions nationwide.
