Ola Electric saw a 74% year-on-year increase in vehicle registrations in October, reaching 41,605 units and further establishing itself as a leader in India’s electric two-wheeler market. The company now holds a 30% market share, based on Vahan data. Ola attributes this growth to strong festive season demand, a diverse product lineup, and an expanded sales network across the country, especially in Tier 2 and Tier 3 cities where EV adoption is gaining momentum.
Looking ahead, Ola Electric plans to enhance its service infrastructure significantly. By December 2024, it aims to double its company-owned service centers to 1,000 locations. Additionally, under its network partner program, Ola intends to onboard 10,000 partners for sales and service support by the end of 2025.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Please conduct your research or consult with a professional before making any investment decisions.
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