Ola Electric Sees 22% Surge in Two-Wheeler Registrations as Bajaj Chases TVS
India's electric two-wheeler market rebounded in May 2026, with over 8% growth, led by Ola Electric.
India's electric two-wheeler market rebounded in May 2026, with over 8% growth, led by Ola Electric.
Ola Electric approves Rs 2,000 crore investment in subsidiaries OET and OCT to support operations.
India’s electric two-wheeler market saw a 22% decline in April, but Ola Electric reported over 20% growth.
Ola Electric surged back into the top five in March, selling 9,496 units, while TVS Motor led the market.
Ather expands its service network to 500 centres, while Ola reduces its stores to 550 amid financial divergence.
Ola Electric slipped out of the top five in February, with sales down 47% and market share at 3.55%.
Ola Electric's market share fell from 35% in 2024 to 5.87% by January 2026 amid mounting controversies.
Ola Electric Mobility announces CFO Harish Abichandani's resignation and appoints Deepak Rastogi as successor.
TVS Motor led India’s electric two-wheeler market in December 2025 with 26.14% market share.
Ola Electric received Rs 366.78 crore incentives under the PLI scheme for FY25 from the Ministry of Heavy Industries.