Ola Electric, facing increased regulatory scrutiny over its recent BOSS sale discounts, has clarified its position in a formal response to the BSE.

The Bengaluru-based company, in an exchange filing, attributed the gain in market share to the popularity of its S1 scooter portfolio and its expanding service network. Ola aims to maintain this momentum through the festive season leading up to Diwali.

Ola Electric has achieved 34 per cent market share on the back of its wide S1 portfolio of scooters and an expanding service network, even as its after-sales and pricing practices come under radar

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,

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.

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 has kickstarted the festive season on a strong note and cemented its market leadership further in the EV 2W segment. According to the Vahan portal, the company has recorded over 15,672 registrations this month (as on October 14) with an impressive market share of 34 percent on the back of its wide S1 portfolio of scooters and the rapidly expanding service network.

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's shares surged nearly 4% on Tuesday as the company reported a significant increase in market share in India's electric two-wheeler market.