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SoftBank-backed Ola Electric's dominance fades as e-scooter battle intensifies

VCCircle · 1m

SoftBank-backed Ola Electric's dominance fades as e-scooter battle intensifies

- Ola Electric, India's top electric scooter maker, saw its lowest monthly sales this year in September. - Ola Electric's market share has declined for five straight months, falling to 27% in September from over 50% in April. - Competitors TVS Motor and Bajaj Auto have seen market share gains over the same period. - Analysts attribute Ola's loss in market share to rivals launching newer models with similar pricing and Ola's strained service network. - Slowing sales pose financial challenges for Ola Electric, which is yet to turn a profit.

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Comments

Anubhav

We saw this trend developing due to low interest in brand and safety is the biggest concern here they need to open a 100% refund program for people who are suffering or getting replaced same dayz

1 month ago

Aditi🚀....

Ather ftw🚀🤘

1 month ago

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