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Bajaj, TVS catching up on electric two-wheeler mkt leader Ola Electric
The New Indian Express Kochi
|December 03, 2024
THE race for the number 1 spot in India's fast-growing electric two-wheeler market is heating up with two legacy players, with Bajaj Auto and TVS Motor Company catching up on the new-age company and market leader Ola Electric.
Bengaluru-based Ola had a total registration of 27,746 e-scooters and had a market share of a little over 25% in November 2024, as per Vahan data. This is the new low for Ola Electric when it comes to market share given it was commanding almost half of the market some months back. It held a 49.8% market share in May, which came down to 28.6% in September.
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