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Economic Times

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Ola Electric slips to number three in EV two-wheeler market as legacy players gain ground

  • Ola Electric slipped to the third position in India's electric two-wheeler market in May, losing ground to TVS Motor and Bajaj Auto.
  • Ola Electric's market share shrank to 20% in May, down from 22.1% in April.
  • TVS Motor and Bajaj Auto gained market share, while Ather Energy also reported a drop in market share in May.
  • Ola Electric faces operational and regulatory challenges, including discrepancies in reported sales data and concerns over vehicle quality.

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