Ola Electric Clocks Record Sales Figures in May, Sells Over 35,000 Units

In May 2023, Ola Electric, the leading EV firm in India, sold over 35,000 units. Ola has amassed an incredible market share of over 30% and achieved a year-over-year rise of 300% over the past month thanks to its highest-ever monthly sales in May.

By Reetika Bhatt | on June 2, 2023 Follow us on Autox Google News

With a record-breaking sale of more than 35,000 units in the month of May, Ola Electric, the Bengaluru-based EV maker has solidified its standing as the industry leader in the electric two-wheeler market. Ola has more than 30 per cent of the market share thanks to its best monthly sales ever last month and a 300 per cent year-over-year (YoY) increase over the previous month. Consequently, Ola, which has routinely topped sales records for the previous three quarters, now stands as India's largest EV firm and the leading manufacturer of electric scooters as well. “Month after month, our sales have experienced exponential growth and Ola has consistently led the EV revolution in India. This remarkable feat not only reflects the unwavering customer confidence in our brand but also signifies the surging desire for technologically advanced EVs in the country, said Bhavish Aggarwal, Founder, and CEO, of Ola Electric.

With an unyielding dedication to customer satisfaction, we have marginally increased our product prices starting in June, despite a significant reduction in government subsidies, making Ola S1 the best EV proposition in India. Ola Electric remains resolute in its mission to promote electric vehicle adoption in the country and redefine the way people travel,” he added

Also Read: Top Electric Scooters Under Rs 1 Lakh in India: Ola S1, TVS iQube, Ather 450X & More

Meanwhile, the prices of the Ola S1, the firm's most popular electric scooter in India have been adjusted in response to revisions made by the government to the FAME II regulations. The Ola S1 Pro, the S1, and the S1 Air are currently all priced at Rs 1.40 lakh, Rs 1.30 lakh, and Rs 1.10 lakh, respectively as of June. All prices are ex-showroom. Despite the government's reduction of the FAME II subsidy, the Ola S1 Pro will still be sold at its initial price. 

Ola S1 Air Deliveries to Begin in July

The S1 Air, Ola's most budget-friendly electric scooter in India was open for bookings last February. The deliveries of the electric two-wheeler were scheduled to commence in April 2023, but it was postponed to make room for the 2kWh, 3kWh, and 4kWh battery packs of the S1 Air. Additionally, Bhavish Aggarwal, the CEO of Ola, recently announced on his personal Twitter account that the business would begin shipping the new Ola S1 Air electric scooter by July 2023. The purchasing window and test drives will also open in July alongside the deliveries.

Also Read: TVS iQube S vs Ola S1 Pro Electric Scooter Comparison Review

Ola S1 Air: Battery, Range, and Features

There are three battery options for the Ola S1 Air. The S1 Air's 2kWh version has an 85km range, while the 3kWh and 4kWh variants are said to have 125km and 165km ranges, respectively. All three variations use the same 4.5kW motor, despite their different operating ranges. According to Ola Electric, the new S1 Air has a peak speed of 85km/h. A sprint from 0 to 60 km/h takes 9.8 seconds. It takes roughly 4.5 hours to charge the scooter from 0% to 100%. In terms of features, the Ola S1 Air has a 7.0-inch touchscreen that uses MoveOS 3.0, the most recent version. Further, it provides OTA updates, Bluetooth connectivity, music playback, remote boot lock/unlock, GPS, reverse mode, side stand alert, and 3 riding modes (Normal, Sport, and Eco). 

Tags: Ola Electric Ola Ola May Sales Ola Electric May Sales Ola S1 ola s1 pro Ola S1 Air

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