Ola Electric's Festive Surge: Record Registrations and Expansive Growth Plans

Ola Electric Mobility Ltd saw a 74% rise in vehicle registrations, reaching 41,605 units in October 2024 compared to the same month last year. The company sold over 50,000 units, attributing the growth to increased consumer demand and strengthened sales networks, particularly in Tier 2 and 3 markets.

Ola Electric Mobility Ltd announced a remarkable 74% increase in vehicle registrations, totaling 41,605 units in October 2024, compared to October 2023. During this period, the company sold over 50,000 vehicles, showcasing its growing presence in the electric vehicle market.

According to the Vahan data, this surge reflects the company's success during the festive season, driven by an expansive product portfolio and rising consumer demand, particularly in India's Tier 2 and 3 cities. Ola Electric highlighted its strengthened sales network as a crucial factor in this growth.

Aiming for continued expansion, the company launched a campaign to double its company-owned service network to 1,000 centers by December 2024 and plans to add 10,000 partners by the end of 2025 as part of a network partner program.

(With inputs from agencies.)