Ola Electric reports disappointing sales figures. In the first six months of the 2025 Ola sold only 107.038 e-scooter, a sharp 53.2% decline from the corresponding period last year, losing the leadership in the segment.
McD tracks new vehicles registrations across the World (over 90 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
Ola Electric Mobility was founded in 2017 in Bangalore, Karnataka (India), to produce electric two and three-wheelers with a new technology, 100% based on electric engines fueled by 100% renewable energy.
The manufacturing facility is located in Krishnagiri, Tamil Nadu (India), on a 500 acre land and is probably the largest 2-wheeler manufacturer actually in the world, called the Future Factory, built with a US$324 million investment.
The production started in December 2021 and in 2023 CY the company took the leadership in the Indian electric 2-wheeler segment.
The company also produces battery cells at its manufacturing facility in Tamil Nadu, which supplies energy storage solutions for its vehicles and other applications. The plant, called Giga-Factory, will be operative in the start of 2025.
While the company has announced the next launch of over 20 new models, including electric motorcycles, actually the line up is very tiny, based on a single model platform, and a single model, the Ola S1, offered in three variants named Ola S1 Air, Ola S1X and S1 Pro.
The company is taking benefit from the strong incentive scheme in place in India, with fiscala and financial support for local manufacturers using over 60% of components locally made. After taking the domestic market leadership in 2023, during the 2024 Ola Electric sold 400.000 vehicles, confirming the rule as leader within the Indian market and largest EVs manufacturer outside of China.
However, with the launch of electric models by the large Indian manufacturers, Ola Electric started showing growing difficulties on competing in the market and in the 2025 sales are disappointing. Indeed, in the first six months of the 2025 Ola sold only 107.038 e-scooter, a sharp 53.2% decline from the corresponding period last year, losing the leadership in the segment.