🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Ola Electric's two-wheeler market share falls to 27% in September

EntrackrEntrackr · 1y ago
Ola Electric's two-wheeler market share falls to 27% in September
Medial

Ola Electric, an electric two-wheeler manufacturer, has seen a decline in its market share over the past three months. The Bengaluru-based company’s market share dropped to 27% in September, down from 32% in August and 39% in the previous month. Ola Electric achieved its highest market share during Q1 FY25 (June quarter), reaching a milestone of 49%. As per Vahan data, Ola Electric sold 23,965 units in September compared to 26,928 units in August and 40, 814 units in July. The Bhavish Aggarwal-led firm also hit an 11-month low of 23,965 units. Baja Auto, TVS Motors, Ather Energy and Hero MotoCorp were the next on the list with 21.27%, 20.26%, 14% and 5% market shares, respectively. This drop in market share follows a report from Goldman Sachs, which projected that Ola Electric is expected to reach EBITDA breakeven by the fiscal year ending March 2027. The decline in sales can be attributed to several factors, including customer complaints, malfunctioning hardware, and software glitches, among others. According to a recent report, Ola Electric received approximately 80,000 customer complaints per month. For the June quarter (Q1FY25), Ola Electric’s revenue from operations grew only 2.8% to Rs 1,644 crore in Q1 FY25 from Rs 1,598 crore in Q4 FY24. The company, however, managed to control its losses by 16.6% to Rs 347 crore in Q1 FY25. During the last fiscal year (FY24), it reported Rs 5,010 crore revenue and Rs 1,584 core loss. Ola Electric, which was listed on the stock exchange in early August, saw its share price drop below Rs 100 on Monday for the first time since its listing. Currently, its shares are trading at around Rs 102 each. The initial public offering (IPO) was priced at Rs 76 per share.

Ola Electric’s E2W market share slumps to under 6% in Jan 2026 from 24.8% a year ago

EntrackrEntrackr · 1m ago
Ola Electric’s E2W market share slumps to under 6% in Jan 2026 from 24.8% a year ago
Medial

Ola Electric’s E2W market share slumps to under 6% in Jan 2026 from 24.8% a year ago The Indian electric two wheeler market has seen significant shifts, particularly for Bhavish Aggarwal led Ola Electric, which was once the dominant player with over 35% market share at the end of 2024 but has since slipped to under 6%. Ola Electric’s overall market share since January 2025 accounted for 14.9%, translating to about 2.04 lakh units. This represents a sharp decline from 2024, when Ola Electric recorded 4.07 lakh registrations and commanded a 35.47% market share. According to Vahan data, as of January 2025, Ola Electric led the electric two wheeler market with a 24.8% share, closely followed by legacy players TVS Motor and Bajaj Auto at 24.41% and 21.81%, respectively. Ather Energy ranked fourth with a 13.31% share, followed by Greaves Electric Mobility and Hero MotoCorp. Following January 2025, Ola Electric’s market share began to decline amid controversies over persistent customer complaints, including reports of defects, safety concerns, and weaknesses in service and after-sales support. In February 2025, its market share slipped to 11.31%. However, the company saw a partial recovery during the year, with its share improving to 21.42% in April and remaining relatively consistent for the following few months. Since September 2025, the company’s sales and market share have steadily declined. In November, its market share fell to 7.16%, and by January 2026 it dropped to a new low of 5.87%, with just 5,488 registrations. On the other hand, rival Ather Energy recorded a 72% jump in sales, rising from 1.26 lakh units in 2024 to 2.18 lakh units in 2025. Its market share increased from 13.31% in January 2025 to 18.16% in January 2026. After overtaking Ola Electric in market capitalization, Ather also surpassed it in Q2 FY26 revenue, posting Rs 899 crore. Ather’s current market capitalization stands at Rs 23,712 crore, or about $2.63 billion. Legacy players such as TVS Motor and Bajaj Auto have remained consistent in sales throughout the year and continued to dominate the market. Between January 2025 and January 2026, they held overall market shares of 23.75% and 21.05%, with registrations of 3.26 lakh and 2.89 lakh units, respectively. Ola Electric’s downturn has also been reflected in its stock market performance, with the share price hitting an all-time low of Rs 30.79 today, sharply down from its listing price of Rs 75. Notably, within a few weeks of its August 2024 listing, the stock had surged to around Rs 150. The company’s current market capitalization stands at Rs 14,115 crore, or about $1.56 billion.

Ola Electric shares sink to all-time low after 47% drop in monthly sales

EntrackrEntrackr · 11d ago
Ola Electric shares sink to all-time low after 47% drop in monthly sales
Medial

Ola Electric shares sink to all-time low after 47% drop in monthly sales Shares of Ola Electric Mobility hit an all-time low on Monday, sliding to Rs 23.82 on March 2, as the Bhavish Aggarwal-led electric two-wheeler maker slipped out of the top five players in the Indian EV scooter market amid a sharp fall in monthly sales. According to Vahan data, Ola Electric’s sales plunged over 47% month-on-month in February to 3,968 units, dragging its market share down to 3.55%. The sharp decline pushed the company out of the top five electric two-wheeler manufacturers for the month. The electric two-wheeler market also witnessed a slowdown in February, with total registrations falling more than 9% to 1,11,680 units, largely due to the shorter month. TVS Motor Company continued to lead the segment, clocking registrations of 31,600 units and maintaining a 28.3% market share during the month. Ola’s competitor, Ather Energy retained its third position with 20,581 registrations and 18.43% market share in February. On the financial front, Ola Electric's revenue from operations reduced to 470 crore in Q3 FY26, compared to Rs 1,045 crore in the previous year of the same quarter. Ola Electric cut its losses by 14% to Rs 487 crore in the same period. Ola Electric’s shares are currently trading at Rs 23.92. The company’s market capitalization stood at Rs 10,528 crore ($1.1 billion).

Download the medial app to read full posts, comements and news.