Ola Electric achieves 25% market share in 2W segment with 24,341 registrations in January 2025, records 76.4% MoM growth

Ola Electric, India’s largest pure-play EV company, has reported 24,341 vehicle registrations in January 2025, capturing a 25% market share in the 2W electric two-wheeler segment. The company recorded a 76.4% month-on-month growth in registrations compared to December 2024, according to VAHAN data.

The growth comes alongside the expansion of Ola’s sales and service network to 4,000 stores nationwide. A spokesperson for Ola Electric Mobility Limited stated, “It has been an impressive start to the year for us as we emerged as a clear leader in the EV 2W industry yet again. While we are committed to further cementing our position in the segment, our recently launched Gen-3 portfolio has set new benchmarks in performance and reliability across the 2W industry in India. With our diverse EV propositions across premium and mass-market segments and expansion of our sales network beyond tier-1 and tier-2 cities, Ola Electric will continue to lead India’s transition towards #EndICEAge.”

New Generation Launch and Pricing

The company has introduced its Gen 3 portfolio with the following models:

• S1 Pro+ with 5.3kWh and 4kWh options at ₹1,69,999 and ₹1,54,999 respectively
• S1 Pro with 4kWh and 3kWh options at ₹1,34,999 and ₹1,14,999 respectively
• S1 X range priced from ₹79,999 to ₹99,999 for different battery capacities
• S1 X+ with 4kWh battery at ₹1,07,999

Gen 2 scooters continue to be available with discounts up to ₹35,000.

Technical Improvements

The Gen 3 platform features:

• Mid-drive motor and chain drive system
• Integrated MCU (Motor Control Unit)
• 20% increase in peak power over Gen 2
• 11% reduction in cost
• 4% increase in energy efficiency
• First-in-category dual ABS
• Patented brake-by-wire technology
• 15% increase in energy recovery during braking

Upcoming Features

MoveOS 5 beta release is scheduled for mid-February, introducing:

• Smartwatch App
• Smart Park
• Road Trip Mode with Ola Maps
• Live Location Sharing
• Emergency SOS

Product Portfolio Expansion

The company has expanded its lineup with:

• Gig and S1 Z scooter range featuring removable batteries
• Roadster motorcycle series with multiple battery capacity options