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

Back

Jayant Mundhra

 • 

Dexter Capital Advisors • 1y

Ola’s March sales = Sales of Feb + Ather’s sales of March 😅😅 Another way to look at this? Ola’s March sales > 3x of Ather’s March sales! And it gets more exciting. .. A week back, March sales stood at 34k. At the end of 30th March, it stood at 44k. And it closed the month with 50k+ Fantastic numbers. .. This got me intrigued. Did this bump come from a particular state or region as in the case of Bajaj’s Chetak, which gets most of its sales from Maharashtra and Gujarat alone? So, I took the data for major States from the Govt of India’s VAHAN portal (shared below). Finding- The sales jumped very strongly across all major States! .. (Jump | Feb -> Mar) 2.8k | 4.9k -> 7.7k MH 2.3k | 4.7k -> 7.0k KAR 1.6k | 1.6k -> 3.2k OD 1.2k | 2.3k -> 3.5k RAJ 1.1k | 1.1k -> 2.2k AP 1.0k | 2.4k -> 3.4k GJ 0.8k | 2.8k -> 3.6k TN 0.8k | 1.6k -> 2.4k MP 0.8k | 1.1k -> 1.9k DL 0.8k | 0.7k -> 1.5k BH 0.5k | 0.1k -> 0.6k AS 0.4k | 1.7k -> 2.1k KR 0.3k | 0.9k -> 1.2k WB 0.2k | 0.7k -> 0.9k HR 0.2k | 0.5k -> 0.7k PJ 0.2k | 0.1k -> 0.3k J&K 0.0k | 0.3k -> 0.3k JK -0.5k | 4.7k -> 4.2k UP .. Leaving UP, in almost every State, sales jumped by 50% or more. Also, in States where sales were low, they shot up in multiples of Feb figures. That makes it clear, that this can’t just be about Ola Electric selling down scooters to the sister ride-hailing firm for e-bike taxis. The majority are buying what Ola’s selling even if social media and print media sentiment says otherwise. This is true penetration. Plus, Ola’s growth has been pretty consistent, irrespective of which month it is. .. Naysayers like me can always say: It’s because of deep discounting. But, that view doesn’t account for the fact that Ola has room to discount vehicles below the manufacturing price, because it has already attained ARAI certifications for two of its scooters. In simple language, for those two scooters, Ola will be receiving PLI benefits for every scooter sold, on top of the FAME-II subsidy, which most other players also get. Why? Because ARAI has certified that Ola has met a very high degree of localisation of supply chain and components, which even TVS and Bajaj (Chetak) haven’t met yet. Did you know this?

6 replies47 likes
10
Replies (6)

More like this

Recommendations from Medial

Image Description
Image Description

Yash Barnwal

Building JalSeva • 6m

A tweet criticizing Ola Electric led to a 6.18% drop in its shares, wiping out ₹3,625 crore from its market value within two hours. This followed a public spat between Ola's CEO Bhavish Aggarwal and comedian Kunal Kamra, who criticized Ola’s scooters

See More
4 replies17 likes

Yash Badola

Chartered Accountant • 1y

IPO Alert(Mainboard) : POPULAR VEHICLES & SERVICES IPO OPEN : 12 MARCH IPO CLOSE : 14 MARCH Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India. Popular Vehicles provides complete

See More
0 replies9 likes
Image Description
Image Description

VCGuy

Believe me, it’s not... • 7m

I've always been a fan of Ather Energy. The quality of technology and engineering behind the product blows me away. Not many know - they were basically pioneers in developing EV battery technology and charging standards in India(especially early o

See More
4 replies14 likes
4

Vaibhav Babruwan Shingde

Student • 1y

Hello Everyone 🤩, • Apple faces decline in iPhone Shipments and Sales in China and some other countries and there is lowest in the month of March.📉 • Due to this reason , Apple's stock prices also declines , another thing is that iPhone segment i

See More
0 replies6 likes
1

Arslan

Business owner | Bus... • 2m

At the end of March 2024, the country had a total number of 26.63 lakh companies and out of them 16.91 lakh or 64% were active. As many as 9.31 lakh registered companies were CLOSED, 2,470 were dormant entities and 10,385 were under liquidation. WHY

See More
0 replies6 likes
Image Description
Image Description

Jayant Mundhra

 • 

Dexter Capital Advisors • 10m

Ather declares war on Bajaj with its new manufacturing plant! 🙌🙌 Ather is said to have zeroed down on Maharashtra’s Aurangabad, which is already an automotive manufacturing hub. This 3rd plant’s location is a big event in itself, and merits a dis

See More
3 replies14 likes
Image Description
Image Description

Jayant Mundhra

 • 

Dexter Capital Advisors • 4d

Days ago I posted this viral theory on how UPI going down thrice in a week - 26 & 31 March and 2 April - was most likely a staged drama! 🙏🙏 Following a kind update from supergood NPCI folks about how technical failures caused the outages, I decide

See More
3 replies15 likes
2
Image Description

Baqer Ali

AI agent developer |... • 10m

Hey came here for suggestion. For every month I keep a target of learning something new. In January I made 50 reels and got a little bit taste of Instagram In February I made 25 mini web dev project and made my Development skill stronger In Mar

See More
1 replies8 likes
Image Description
Image Description

Vaibhav Babruwan Shingde

Student • 1y

• Let's Decode OLA Electric Today ♥️🚀🤩 • Ola Electric is one of India's leading EV startups, founded in 2017 by Bhavish Aggarwal . It has become a unicorn company, valued at over $5.4 billion. • Investors: •Raised almost $5 billion from top inve

See More
14 replies28 likes
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 1y

Top News Of the Day: 1. Digital banking infrastructure company M2P Fintech has raised Rs 35 crore debt from Anicut Capital. This appears to be the first debt round for the Chennai-based company. 2. Audio series platform Pocket FM announced that the

See More
9 replies24 likes

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