Ola Electric, India’s largest electric vehicle manufacturer on Thursday said that it has gained revenue market share of 50% across EV and ICE 2Ws in the premium scooter segment (units costing Rs 1 lakh and above ex-showroom price).

“Riding on Ola’s strong performance, the penetration for EVs in the premium scooter segment has also
grown to over 92% from just 36% before Ola announced its entry in 2021,” the company said in a statement.

The company sold over 20,000 units in November.

“The End of ICE Age is now a reality. The complete dominance of EVs in the premium scooter segment shows that the only reason why customers still consider an ICE vehicle today is due to the lack of world class EV alternatives,” said Bhavish Aggarwal, Founder and CEO, Ola in a press release.

“We will continue to build and expand aggressively with products across multiple segments and price-points and lead the transition of the Indian 2W industry to 100% EVs by 2025!” he added.

Ola Electric on Monday announced that it has expanded its direct-to-consumer (D2C) footprint by opening 14 new experience centres across 11 cities in the country.

The company opened 3 centres in Bengaluru, two in Pune and one each in Ahmedabad, Dehradun, Delhi, Hyderabad, Kota, Bhopal, Nagpur, Ranchi and Vadodara, it said in a statement.

Ola Electric now has more than 50 experience centres and aims to open 200 by the end of this year.

The centres allow electric vehicles (EV) enthusiasts to experience its EV technology and also enable customers to take test rides of the S1 and S1 Pro.