EV boom lifts Ola sales but market share slides to ~8% as rivals close in
Ola Electric is on track to meet Q1 guidance of 40,000-45,000 scooters, retailing 40,540 units amid India's 63% YoY EV two-wheeler surge. But its market share has collapsed from nearly 50% to about 8% as TVS, Bajaj, Ather and Hero gain ground, with FY26 revenue of Rs 2,253 crore trailing guidance.
Ola Electric is on track to meet Q1 sales guidance of 40,000-45,000 scooters amid India's EV two-wheeler boom, but market share has fallen to ~8% as TVS, Bajaj, Ather and Hero gain ground.