Ola Electric has become the first electric vehicle (EV) manufacturer in India to achieve and surpass retail sales of 900,000 units. As per the retail sales statistics on the Vahan portal, the company which entered the Indian electric two-wheeler market in mid-2021, has sold a total of 917,886 units till end-June 2025 (see sales data table below).
Ola’s best annual sales were in CY2024 (407,692 units, up 52%) which made it the first Indian EV maker to achieve the 400,000-units milestone and a 35% share of the record 1.14 million e-2Ws sold.
Ola Electric, which entered the e-2W market four years ago with its e-scooters, has been the first OEM to achieve the big numbers. It’s been the first to race through 100,000, 200,000, 300,000 and even 400,000-unit sales in a single calendar year, way ahead of its rivals. TVS is the only other OEM to have clocked over 200,000 sales in a single year (2024).
In CY2022, its first full year of sales, Ola Electric sold 109,403 units, which was more than the combined sales of its top two rivals at the time: Ather Energy (51,812 units) and TVS Motor Co (47,183 units). This gave it a 17% share of the India e-2W market of 631,404 units. CY2023 saw Ola register energetic 144% YoY growth with its 267,386 units and a 30% share of all-India retails of 860,433 units. The same year saw TVS (166,582 units) and Ather Energy (104,739 units) cross the 100,000-unit mark for the first time in a calendar year.
CY2024 belonged to Ola – with 407,692 units, the company became the first EV maker in India to ride past the 400,000-units milestone, in the process commanding a 35% share of the overall Indian e-2W industry’s sales. The stellar performance last year, which saw Ola achieve the best-ever monthly sales for an e-2W maker – 53,647 units in March 2024 and a 38% share – enabled India e-2W Inc to cross 1-million sales (1.14 million units) for the first time.
CY2024 also saw Ola’s key rivals hit their best-ever annual sales – TVS (220,814 units), Bajaj Auto (193,653 units) and Ather Energy (126,358 units).
The last nine months, however, have found Ola feeling the heat of the growing competition. October 2024 (41,843 units) was the last month when it crossed 40,000-unit sales. Since then, demand has fallen and CY2025’s cumulative first seven-month retails of 133,168 units are down 51% on the year-ago sales (January-July 2024: 270,347 units).
The company, which sells both e-scooters and electric motorcycles, had last topped the monthly sales chart in January 2025 but since then has lost that spot to Bajaj Auto in February and March 2025, and to TVS in April, May, June and July 2025.
The bulk of Ola’s sales come from the 14-variant S1 e-scooter, which straddles multiple price-points starting from entry level mass mobility through to premium (Rs 65,000 to Rs 170,000). The S1 Pro, equipped with a 4kWh battery, has a claimed 142km range on a single charge and has an ex-showroom price of Rs 154,999.
In May this year, Ola began customer deliveries of its Roadster X electric motorcycle. The company is targeting strong growth with the X, aiming to draw ICE commuter motorcycle buyers. The Ola Roadster X, which develops peak power of 11 kW, top speed of 125kph and has a range of 501km, is claimed to offer “15X lower running cost than comparable ICE models”.
With cumulative sales of 917,889 units, Ola remains well ahead of the current top two -2W OEMs TVS Motor Co (606,381 units) and Bajaj Auto (459,053 units). The two other OEMs to have achieved cumulative six-figure sales are Ather Energy which crossed 400,000 sales last month while Hero MotoCorp’s Vida brand has gone past the 100,000 mark in early August.
With five months left to go in CY2025, expect Ola to easily add another 100,000 units which will enable it to notch another milestone – the first Indian e-2W OEM to ride past cumulative sales of a million units.
On August 15, Ola Electric will unveil its ‘India Inside’ vision across its products and technologies at its annual ‘Sankalp’ event at the company’s Gigafactory, in Krishnagiri.
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