Ola achieves record-breaking sales of 35,000 units in May 2023

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Ola achieves record-breaking sales of 35,000 units in May 2023 (Image: olelectric.com)
Ola achieves record-breaking sales of 35,000 units in May 2023 (Image: olelectric.com)

Delhi : In a recent announcement, Ola Electric stated that it has sold more than 35,000 electric scooters in the month of May 2023, maintaining its top spot in the overall sales chart. The firm from Bengaluru had a YoY positive volume spike of 300% last month, giving them a market share of nearly 30%.

Bhavish Aggarwal, founder and CEO of Ola Electric, spoke of the company's dominance and said, "With an unwavering dedication to customer satisfaction, we have marginally increased our product prices starting June, despite a significant reduction in government subsidies, making Ola S1 the best EV proposition in India. Ola Electric is still committed to its goal of encouraging the use of electric vehicles throughout the nation and redefining the way people travel.”

Even with the decline in subsidies, India's use of Ola Electric has only slightly grown. The Ola S1 Pro costs Rs. 1,39,999, the S1 with a 3 KWh battery pack costs Rs. 1,29,999, and the S1 Air with a 3 KWh Li-ion battery pack costs Rs. 1,09,999 with the new subsidies taking effect this month.

It is important to note that even while Ola did not fully pass on the effects to customers, subsidies have drastically decreased. Intriguingly, the S1 Pro is currently being sold at its original launch price. Through Ola Experience Centres (ECs) spread around the nation, the EV manufacturer has dramatically increased the size of its presence.

Ola Electric has opened its 600th experience centre, and by August 2023, it hopes to have 1,000 stores. With the assumption that 90% of its clients dwell within 20 km of an Ola Experience Centre, these locations are supposed to give consumers a comprehensive variety of services at one convenient location.

The company has hinted at a variety of zero-emission vehicles, including motorbikes and passenger cars, as part of its ongoing effort to diversify its product line. Over the course of the next year or two, they will be presented as Ola tries to compete locally with existing competitors in a variety of markets and pricing ranges.