Ola Electric Reports Strong FY25 Sales but Trails Bajaj and TVS
Ola Electric registered 3,44,005 electric scooters in the fiscal year 2025.

Ola Electric declared that it secured a 30% market share by registering 3,44,005 electric scooters in the fiscal year 2025. However, even with those impressive numbers, the Bengaluru-based EV manufacturer fell to third place in the race for March 2025 sales. Only Bajaj Auto and TVS managed to sell more units of something in that March than Ola Electric did.
Trailing Bajaj and TVS
Data from the VAHAN portal reveals that Ola Electric sold 23,430 units in March 2025. Meanwhile, Bajaj Auto maintained its lead in the electric two-wheeler (E2W) segment with 34,863 units. Not too far behind, TVS racked up sales of 30,454 units. This puts the market share of Ola Electric in March at 17.9%; Bajaj's share is 26.76%, and TVS holds 23.3%.
This is not the first time Ola Electric has lagged behind Bajaj. This December, for the first time, Bajaj beat Ola in market share, selling 18,276 units for 24.93% of the market. Meanwhile, in March, Ather Energy sold 15,446 units. Hero MotoCorp and Greaves reported 7,977 and 5,641 units, respectively.
Overcoming Registration Challenges
Ola Electric accepted that the preliminary sales results for February were affected by the transition to vehicle registrations done in-house. The company claims that nearly all the February sales backlog has been completed and that by the end of this month, April 2025, the remaining February to March registrations will all be done.
An Ola Electric company spokesperson stated, "Demand across urban and rural markets remains robust, even in March 2025. We have almost completely resolved our February backlog and are moving quickly to serve the customer registrations that we have yet to fulfill. Our operations are now fully on track."
Launch of Gen 3 Scooters and Technological Advancements
Notwithstanding the registration challenges it faces, Ola Electric continues to enjoy a strong position in the electric vehicle market. The company has begun fulfilling orders for its latest offering, the S1 Gen 3 scooter, which boasts a number of technological improvements over its forerunner. The new model features a mid-drive motor (a huge step up from the previous model's hub motor), which, combined with a chain drive, makes for a more reliable e-scooter and a more enjoyable ride.
Ola asserts that the Gen 3 scooters provide a 20% uptick in peak power, an 11% dip in pricing, and a 20% increase in range when stacked against their forebears. But look: they are all but a few PowerPoints and a shiny "new for 2022" paint job distinct from the two other recently refreshed scooters on which they are built. You shouldn't be fooled, then, into thinking the Gen 3 lineup is a major reworking of the previous models. But even if they are all underwhelming, each scooter still does at least one thing well.
The S1 Gen 3 range is available in three prices, starting with the 2kWh model at INR 79,999. At the high end, the S1 Pro+ 5.3kWh variant, which features Ola's custom 4680 Bharat Cell, is available at INR 1,69,999. As competition grows stronger, Ola Electric will have to harness its technological progress and operational efficiency to restore its market leadership.
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