Ola Electric Mobility Limited — Updates, 01-04-2025: Press Release

Ola Electric has registered 3,44,005 units in FY25, capturing a 30% market share in the E2W sector, thus solidifying its leadership position. The company reported 23,430 unit registrations for March 2025, reflecting robust demand across both urban and rural markets. It is on track to clear the backlog from February and March by the end of April 2025.

The recent launch of the S1 Gen 3 scooter portfolio indicates a strategic focus on high performance and efficiency, with features like improved power output, cost reductions, and enhancements in braking technology. The S1 Gen 3 starts at ₹79,999 for the S1 X and goes up to ₹1,69,999 for the S1 Pro+.

Ola Electric's expanding operations and positive demand trends suggest a strong outlook for continued market penetration and production scaling, making it a key player to watch in the EV space.