In September, electric two-wheeler sales increased by 20% YoY and 2% MoM, but Ola Electric’s market share dropped to 29%, down 66 bps, according to a report. Bajaj Auto gained the most market share while Ola and Okinawa lost the most. The report also noted that new E2W model launches at attractive prices would boost sales and improve EV penetration. Electric passenger vehicle sales grew 71% YoY but fell 9% MoM, with EPV penetration declining to 1.5%.
Ola Electric Market Share Drops Despite Surging E2W Sales: Report
