Ola Electric closed the fiscal year 2022–23 on a high note by being the most popular EV maker in the nation. With the potential to produce 10 million units annually, Ola is India's largest electric two-wheeler producer.
With almost 27,000 units sold, March became Ola's biggest month for sales. Since September 2022, the business has outperformed competitors in monthly sales. Ola owns over 30% market share for electric two-wheelers.
Ola has been promoting the idea of ending the ICE age, but given the company's expansion rate, the ICE era may expire sooner than we might think. Many electric two-wheeler manufacturers saw significant growth throughout FY 2022–23. In the upcoming years, major automakers like Honda aim to introduce new EVs. The use of electric bikes and e-scooters will increase.
Ola Electric has experienced its share of growing pains, to be specific. Ola has been working to address the numerous problems that have been raised since its debut. The availability of cost-effective alternatives may be a major factor in Ola's recent rapid rise. The beginning price of the Ola S1 Air, for instance, is Rs 84,999, and it has an 85 km range and a 2kWh battery. Pricing from other well-known OEMs, such as Hero Electric, is very similar to this. Ola's entry-level models likely have the best features in their class as well.
Ola's focus on creating experience centres across the nation might be another factor in the company's expansion. Recently, 50 experience centres were opened by the corporation in a single day. Currently, Ola operates more than 400 experience centres around the nation. At these experience centres, customers can choose from a wide range of services. 90% of Ola users are located within 20 kilometres of an Ola experience centre, according to the company's data.
Recently, Ola announced a price reduction for its top-of-the-line Ola S1 Pro electric scooter. It is currently offered for Rs 1,24,999. This is the Ola S1 Pro's lowest pricing to date. The deal expires on April 16th.
One of the highest ranges in its class, the Ola S1 Pro offers a wide variety of features. The scooter's maximum power output is 8.5 kW, and its maximum torque is 58 Nm. While the top speed is only 116 kmph, the certified range is 181 km. Ola S1 Pro's Hyper mode enables 0 to 60 kmph acceleration in 4.5 seconds.
Ola anticipates continuing to grow rapidly in the future. It will keep placing emphasis on growing its presence throughout India, upholding high standards of quality, and enhancing customer satisfaction.
Did you read about the Ola Electric Scooter refund and replacement policy?
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