Sunday, July 21, 2024

Ola Electric posts 107 pc growth in June EV 2-wheeler registrations


Share post:


Shillong, July 1: Bhavish Aggarwal-led Ola Electric on Monday announced that it has posted a growth of 107 per cent (Year-on-Year) in June 2024 Electric Vehicle (EV) two-wheeler registrations as compared to the corresponding month in 2023.


According to the government’s VAHAN Portal, the company recorded 36,716 registrations during the month.


It also recorded a 57 per cent growth in the first quarter (Q1) of FY25 over Q1 FY24 and witnessed over 1.08 lakh registrations in the quarter ended June 2024.


“Our steady market leadership reflects the strength of our expansive S1 portfolio with the product offerings across attractive price points, making EVs accessible to everyone,” Anshul Khandelwal, Chief Marketing Officer, Ola Electric, said in a statement.


Ola Electric also surpassed 2 lakh registrations in CY2024, becoming the first EV two-wheeler company to achieve the milestone within the first half of a calendar year.


The company has so far recorded more than 2.28 lakh registrations in 2024.


Ola Electric offers an expansive S1 portfolio with six offerings.


It has recently marked its entry into the mass-market segment with the S1 X portfolio.


Available in three battery configurations — 2 kWh, 3 kWh, and 4 kWh, the scooters are priced at Rs 74,999, Rs 84,999, and Rs 99,999, respectively.


Meanwhile, Ola Electric has received the go-ahead from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).


Ola Electric’s public issue consists of a fresh issue of Rs 5,500 crore and an offer-for-sale (OFS) of 9.51 crore equity shares, according to the draft red herring prospectus. (IANS)


Related articles

Niamgri skigiparangko rakkiani mamlao matnangatgipa dolgipinrangba ra·gapila

TURA: West Garo Hills-o Rajabala Higher Secondary School-o niamgri skigiparangko rakkiani mamlao dolgipin jemangan Robibar salo matnangataniko dakaha...

Hindi skigipako rakkianio tik ong·janina AHAM matnanga

Rongjeng: East Garo Hills District-o Nongchram Deficit UP School-o skigipako rakkianio tik ong·gijanina maio uamang matnangatachim uano Swapnil...

NALSA-ni bidingo Legal Awareness Programko ong·ata

Shillong:  NALSA (Legal Services to the victims of drug abuse and the eradication of the drug Menace) Scheme...

Rangsakona-ni MLA, MBOSE-o kam ka·gipako satkapa

Tura/Shillong: Rangsakona-ni MLA, Subir Marak, Shillong MBOSE Guest House-o kam ka·gipako chowkidar-ko gate ona ru·utani gimin satkape, an·tangna...