Ola Electric slips to third place in electric two-wheeler market

Ola Electric scooter parked in a showroom with fewer footfalls, reflecting the decline in market share in India’s EV two-wheeler segment.

Ola Electric's dominance in the electric two-wheeler market in India has been dented. The company slipped to third place in May 2025. TVS Motor came in first and Bajaj Auto came in second. Ola's market share fell to 20% in the first 26 days of May. It had risen to 22.1% in April, but it has declined further. A year ago, Ola had over 50% of the market.