Shares of Ola Electric were on the rise on Tuesday as the electric vehicle (EV) manufacturer clawed back some market share from rivals ahead of the festive season, as per the latest data. What Happened: Ola Electric has kicked off the festive season with strong momentum,

The company is working on expanding its sales and service network through its Network Partner Program, with a goal to onboard 10,000 partners by the end of 2025. Ola Electric has also introduced the EV Service Training Program with the objective of training 1 lakh third-party mechanics to service EVs across India.

Ola Electric, India’s leading pure-play electric vehicle (EV) manufacturer, kicked off the festive season on a high note, strengthening its dominance in the two-wheeler EV segment. According to data from the Vahan portal, the company registered over 15,672 vehicles as of October 14, capturing a 34 percent market share.

Ola Electric dominates the EV two-wheeler market with a 34% share in October 2024. With a strong S1 portfolio and expanding service network, Ola leads India's transition to electric mobility.

Ola Electric stated that the growth is driven by the company’s S1 scooter lineup and its expanding service network, which has continued to attract a broad customer base.