Two-Wheeler EV Sales Soar 24% in Jan – Ola Back on Top!

Written by:  Karuna Tejwani

Credits: olaelectric, Instagram

EV Spotlight

Ola Electric reclaimed No.1 with 22,656 sales in January, a 64% rise. Its market share jumped to 25%, surpassing TVS and Bajaj, driven by strong demand and new models in the EV two-wheeler segment.

Credits: olaelectric, Instagram

Ola Back on Top!

India’s EV two-wheeler sales soared 24% to 91,264 in January, rebounding from December’s 73,651. New launches, rising demand, and better incentives played a key role in boosting the overall market.

Credits: olaelectric, Instagram

Big Jump in EV Sales

TVS & Bajaj Still Strong

Credits: tvsiqube & chetak_official, Instagram

TVS sold 22,080 scooters, up 27%, while Bajaj hit 20,176 but lost market share, dropping from 25% to 22.1%. Despite growth, Bajaj couldn’t keep pace with Ola and TVS in the competitive EV market.

Ola’s New Scooters

Credits: olaelectric, Instagram

Ola launched its Gen 3 S1 scooters, including S1 Pro+ with a 320 km range and the budget S1 X. These models cater to different buyers, strengthening Ola’s position in the fast-growing EV industry.

Ather & Ampere Grow

Credits: atherenergy & chiraniyaampere, Instagram

Ather’s sales rose 15% to 12,101, though its market share fell to 13.2%. Ampere from Greaves saw a 20% jump to 3,411. Both brands are growing fast, competing with big players in the EV market.

New Startups Rising Fast

Credits: rideriver.in & obenelectric, Instagram

River saw a 201% sales rise, while Oben Electric grew 198%. Ultraviolette’s premium e-bikes increased 26%. Startups are gaining ground as buyers explore new brands in the expanding EV segment.

Bajaj Goes Global

Credits: chetak_official, Instagram

Bajaj plans to export its Chetak-35 EV scooters to 12+ countries by FY26. This move aims to strengthen its global presence while maintaining its domestic leadership in the Indian EV market.

Total EV Sales Hit 1.67L

Credits: tvsiqube, Instagram

Overall EV sales in India reached 1.67 lakh in January, up 11% from December. With better battery tech, new models, and strong government support, India’s EV market is set for rapid future growth.

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