Indian electric vehicle (EV) company Ola Electric has once again crossed the 20,000 mark in the month of November. In October, the EV unicorn company announced that it has reported sales of its S1 series of e-scooters that have crossed the 20,000-unit mark.
With this, Ola became the largest EV seller in India, according to the vehicle portal, followed by Okinawa Scooters which manufactures around 17,000 scooters.
Commenting on this development, Bhavish Agarwal, Founder & CEO, Ola said, “The end of the ICE era is now a reality. The absolute dominance of EVs in the premium scooter segment shows that the only reason customers are even considering an ICE vehicle today is the lack of world-class EV options. We will continue to aggressively build and expand with products across multiple segments and price-points and lead the Indian 2W industry to transition to 100 percent EV by 2025!
He also tweeted:
These EV scooters are manufactured at the company’s factory in Krishnagiri, Tamil Nadu. The production of the e-scooter started in November last year and till now the company has launched three categories in the S1 series including Ola S1 Air, Ola S1 Pro and Ola S1. The company is also set to launch another range of e-scooters called MoovOS 3 this month. The company also opened 14 new experience centers across 11 cities in this calendar year.
India’s electric vehicle (EV) market is expected to grow at a compound annual growth rate (CAGR) of 90 per cent this decade to reach $150 billion by 2030, according to a report by consulting firm RBSA Advisors.
The report further states that India’s shift to shared, electric and connected mobility could help the country save nearly one giga-tonne of carbon dioxide emissions by 2030. Other two-wheeler players operating in the same market include TVS iQube, Bajaj Chetak, Ather 450X. , and Hero MotoCorp’s recently launched VIDA V1 series.