More Than 53,000 Ola Electric Scooters Registered In India In March 2024

More Than 53,000 Ola Electric Scooters Registered In India In March 2024

News by Team Drivio | Apr 02, 2024

This figure is for all the Ola scooters combined 

  • Ola’s lineup for India comprises scooters like the Ola S1 Air, S1X, S1 and S1 Pro
  • Those looking for a quirky-looking, high-range electric scooter could look at these
  • In fact, the Ola S1 Pro is also India’s fastest electric scooter ever 

Ola Electric stands tall as a frontrunner in India's electric two-wheeler domain, commanding an enviable position in the market. Despite an already impressive track record, the company continues to make waves, particularly in the e-scooter segment where it emerged as an early trailblazer. 

March 2024 heralded yet another milestone for Ola Electric as it notched up a record-breaking achievement, selling over 53,000 electric scooters in a single month, marking the fifth consecutive month of soaring success. This unprecedented feat catapulted the company to its highest-ever monthly sales figure, underscoring its dominance in the electric vehicle landscape.

In a significant disclosure, Ola Electric divulged that its e-scooter bookings for March 2024 crossed the 53,000 mark, further cementing its position as a market leader. The announcement was accompanied by news of a staggering 115% year-on-year growth, with the company selling a total of 3,28,785 units in the preceding fiscal year. This substantial leap from the previous year's sales of 1,52,741 units underscores Ola Electric's exponential growth trajectory.

Specifications  Ola S1 Pro 
Top Speed116kmph
Range170km (Eco Mode)

Notably, the electric two-wheeler market witnessed a robust 30% expansion, signaling favourable conditions for manufacturers across the board. Electric two-wheelers accounted for 9% of total two-wheeler sales in March 2024, reaffirming the sector's burgeoning prominence. 

Ola Electric proudly retained its pole position in the electric two-wheeler segment for March 2024, buoyed by a remarkable 42% growth in quarterly sales compared to the preceding quarter. The company's quarterly sales surged to 1,19,310 units, a significant leap from the previous quarter's 84,133 units.

Ola Electric's current lineup comprises three electric scooters – the S1 Pro, S1 Air, and S1X+ – all powered by the company's cutting-edge MoveOS 4. With the top-of-the-line Ola S1 Pro priced at Rs. 1.3 lakh (ex-showroom) and the entry-level variant available at Rs. 85,000 (ex-showroom), the company offers a diverse range to cater to varying consumer preferences. 

The company attributes its sustained growth to a strategic focus on continuous product enhancement, attractive discounts, and burgeoning consumer demand for electric two-wheelers.