Ola Electric has reported an uptick in its vehicle registrations, with 41,605 units registered in October 2024 according to Vahan data. This marks a 74% increase compared to the same period last year. The company stated that it sold over 50,000 units during the month, securing a 30% share of the electric two-wheeler market.

The company witnessed a rise in electric vehicle adoption in Tier 2 and Tier 3 markets. In a strategic expansion, Ola Electric has launched a campaign to double its company-owned service network to 1,000 centres by December 2024. Additionally, through its network partner programme, the company aims to bring on 10,000 partners across sales and service by the close of 2025.

On October 30, CNBC-TV18 reported that the country’s largest electric scooter manufacturer is said to have scaled up its service infrastructure nationwide, bringing the total number of service centres close to 700.

The shares of the EV maker gained more than 1% on Thursday, ending at ₹80.88 apiece.

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