Ola Electric records highest ever monthly sales in May '23: YoY growth of 300%!

Ola Electric has announced that it managed to sell over 35,000 two-wheelers in the Indian market in the month of May 2023, marking its highest ever monthly sales. The Indian EV maker ended up raking in a market share of over 30 per cent, and registering a massive year-on-year (YoY) growth of around 300 per cent!

“Month after month, our sales have experienced exponential growth and Ola has consistently led the EV revolution in the country”, said Bhavish Aggarwal, Founder and CEO, Ola Electric.

“This remarkable feat not only reflects the unwavering customer confidence in our brand, but also signifies the surging desire for technologically advanced EVs in the country,” he added.

https://www.youtube.com/watch?v=ms8omw8wdis&t=422s

Ola Electric currently offers only one product in the Indian market - the S1 electric scooter, offered in three variants, the S1 Air, S1 and S1 Pro. The S1 Air is the entry-level model in the list, deliveries for which are set to be commenced next month. With the recent slash in FAME II subsidy, the Ola S1 Air is now priced at Rs 1.10 lakh (ex-showroom), which is Rs 10,000 more than before (for the 3 kWh version).

The S1 will now cost you Rs 1.30 lakh, while the range-topping S1 Pro now starts from Rs 1.40 lakh (both prices, ex-showroom). The S1 and S1 Air are offered with a 3 kWh battery pack as standard, while the S1 Pro gets a larger 4 kWh unit. The top-of-the-line S1 Pro offers an IDC certified range of 181 km, which drops down to 141 km and 125 km on S1 and S1 Air respectively.