Highlights
Ola Electric’s Performance in March 2025
Ola Electric, a prominent player in the two-wheeler electric vehicle sector, recorded sales of 23,430 units in March 2025, according to information from the VAHAN portal. Nevertheless, Ola Electric found itself trailing behind Bajaj Auto and TVS, which achieved sales of 34,863 and 30,453 units, respectively, during this period.
Bajaj Auto’s Market Dominance
With a remarkable monthly sales figure of 34,863 units in March 2025, Bajaj Auto has established itself as the leader in the e2W market for multiple consecutive months. This impressive performance allowed Bajaj to attain a market share of 26.76% in March, with TVS and Ola Electric following at 23.3% and 17.9%, respectively.
When examining the broader picture for the last fiscal year (FY25), Ola Electric maintained a leading position with a market share of 30%. This was contrasted with TVS, which logged a 21% share, while Bajaj recorded 20% during the same fiscal period.
Operational Adjustments at Ola Electric
In an announcement to the stock exchange, Ola Electric explained that a transition to in-house vehicle registrations in February resulted in some temporary disruptions. However, the company noted that daily registration numbers and backlog resolutions are gradually improving as the shift continues.
Ola Electric stated, “We have nearly cleared the February backlog and expect to complete the remaining February–March registrations in April 2025. To support this, we’re scaling up our registration operations and actively coordinating with all external stakeholders.”
Challenges Faced by Ola Electric
Recently, Ola Electric clarified the discrepancy in their registration numbers was a result of ongoing discussions with vehicle registration vendors. Additionally, the company, led by Bhavish Aggarwal, resolved a legal matter concerning its subsidiary, Ola Electric Technologies Private Limited, alongside its vehicle registration service provider, Rosmerta Digital Services Ltd.
Other Competitors in the Market
Among the leading five electric vehicle two-wheelers, Ather Energy is gaining ground rapidly, selling 15,446 units in March, while Hero MotoCorp managed to sell 7,977 units within the same timeframe. Greaves, another significant competitor, recorded sales of 5,641 units during the same period.