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Ola Electric to bring three-wheeler to market soon

EntrackrEntrackr · 1y ago
Ola Electric to bring three-wheeler to market soon
Medial

EV manufacturer Ola Electric is all set to launch its electric three-wheeler (e-rickshaw) later this year. The firm is likely to price its EV 3W more competitively to target market leaders like Mahindra, Piaggio, and Bajaj. According to a CNBC TV 18 report, Ola Electric Mobility aims to establish several hundred non-company-owned outlets to deepen its distribution network. In addition to the passenger version, the company will also launch a goods carrier variant. Earlier, media reports suggested that Ola Electric’s new vehicle is likely to be called Raahi. Recently, the Bhavish Aggarwal-led company announced that its products will be available on the government-backed Open Network for Digital Commerce (ONDC). In the Electric two-wheeler, Ola Electric has the largest market share and the firm is anticipating to replicate the same in the three-wheeler space. It will also become eligible for government’s production linked incentive (PLI) scheme, which offers financial incentives to companies that manufacture specific products in India.

TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third

EntrackrEntrackr · 7m ago
TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third
Medial

In May 2025, the electric two-wheeler (E2W) segment achieved retail sales of 100,266 units, the second-highest monthly figure of the year. TVS Motor led the market with 24,560 units sold, a 107% year-on-year (YoY) growth, securing a 24% market share. Bajaj Auto followed closely with 21,770 units, a 135% YoY growth, holding a 22% market share. Ola Electric experienced a 51% YoY sales decline to 18,499 units but maintained an 18% market share. Ola slipped to third position behind Bajaj. Ather Energy sold 12,840 units, representing a 109% increase, gaining a 13% market share and surpassing Ola Electric in Q4 FY25 revenue with Rs 676 crore compared to Ola's Rs 611 crore. Hero MotoCorp re-entered the EV market with a 191% sales increase to 7,164 units.

TVS leads December E2W sales, Ather falls 20%, Ola Electric improves

EntrackrEntrackr · 10d ago
TVS leads December E2W sales, Ather falls 20%, Ola Electric improves
Medial

TVS leads December E2W sales, Ather falls 20%, Ola Electric improves TVS Motor closed 2025 as the leader in India’s electric two-wheeler market, with a 26.14% market share in December. However, the overall E2W market declined 19% month-on-month. According to Vahan data, after a 20% decline in November, electric two-wheeler sales fell another 19% month-on-month to 93,000 units. Despite a drop of over 20% in TVS Motor’s sales, its market share rose marginally to 26.14%, with registrations of 24,317 units. Bajaj Auto’s sales fell 29% to 18,197 units in December, from 25,700 units in November, with its market share declining to 19.56%. Ather Energy retained its third position in December, though registrations declined 20% month-on-month to 16,391 units from 20,488 in November. The company held a 17.62% market share. Ather’s current market capitalization stands at Rs 28,870.6 crore ($3.2 billion). Hero MotoCorp maintained the fourth spot after overtaking Ola Electric last month, despite a 15.76% month-on-month decline in sales. The company registered 10,340 units and held an 11.12% market share. Ola Electric’s sales remained largely flat at 8,402 units in December, even as rivals saw sharp declines. Its market share rose by 2% to 9.03%, placing the company fifth. Ola Electric’s shares closed at Rs 36.2 on Wednesday. The company’s market capitalization now stands at Rs 15,967 crore ($1.8 billion). Greaves Electric Mobility, BGauss, and River Mobility retained their positions at sixth, seventh, and eighth, respectively. However, their sales declined sharply in December by 24.87%, 31.96%, and 6.15% month-on-month. e-Sprinto entered the top 10 electric two-wheeler companies, replacing Kinetic Green. The company nearly doubled its sales in December to 1,324 units, capturing a 1.42% market share. On an annual basis, the electric two-wheeler industry recorded 12.75 lakh units in 2025, an 11% year-on-year increase from 11.5 lakh units in 2024. TVS Motor led the market with 2.98 lakh units, followed by Bajaj Auto with 2.69 lakh units. Ather Energy ranked third at 2 lakh units, followed by Ola Electric at 1.98 lakh units, while Hero MotoCorp stood fifth with 1.09 lakh units.

Tiger Global sells entire Ather Energy stake for Rs 1,204 Cr

EntrackrEntrackr · 2m ago
Tiger Global sells entire Ather Energy stake for Rs 1,204 Cr
Medial

Tiger Global (Internet Fund III Pte Ltd), has sold all of its shares representing 5% of the electric two-wheeler maker Ather Energy’s total paid-up capital through open market transactions on November 6, 2025. The company sold 1 crore shares on NSE at an average price of Rs 623.56 per share and the rest 93 lakh shares on BSE at an average price of 620.45 per share. Both sales aggregate to a total sum of Rs 1,204 crore. As of September 30, Internet Fund owned 1.93 crore shares of Ather Energy, forming a total of 5% of Ather Energy's total captable. The company also witnessed bulk deals from IRAGE BROKING SERVICES LLP, which bought 22 lakh Ather Energy’s shares worth Rs 137 crore at an average price of Rs 622.26 per share while selling 2 lakh shares worth Rs 14.5 crore for price stabilization. In terms of EV sales, Ather Energy retained its third position in October, rebounding from flat growth in September to post a robust 53% increase with 28,061 registrations, capturing a strong 19.53% market share. The company also surpassed its competitor Ola Electric in terms of market capitalization. The exit comes just before the company’s financial results for the second quarter of the ongoing financial year (FY26), which is scheduled for 10th November. For the first quarter, the company’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25. The company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25. Ather Energy’s stock is currently trading at Rs 634 (as of 10:50 AM), bringing its total market capitalization to Rs 24,168 crore ($2.7 billion). It’s worth noting that Tiger Global also trimmed its stake in Ola Electric, a competitor to Ather Energy, in May this year.

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