Ola Electric Scooter becomes India’s highest-selling electric scooter brand with record-breaking sales in May. According to the official report, Ola Electric has sold more than 35,000 electric scooters, achieving immense success in a short period of time. The startup based in Bangalore has a market share of up to 30% in the electric scooter segment. The company’s founder and CEO, Bhavesh Aggarwal, has stated that they have kept the price of their vehicles very low due to a significant decrease in government subsidies. Ola Electric will continue to advance its mission of promoting electric vehicles in the country.

Key Highlights:

– Ola Electric has sold over 35,000 electric scooters, making it India’s highest-selling electric scooter brand.
– The startup has achieved immense success in a short period of time and has a market share of up to 30% in the electric scooter segment.
– The company has kept the price of their vehicles low due to a significant decrease in government subsidies.
– Ola Electric will continue to promote electric vehicles in the country.

In other news, the Indian postal service has launched a new scheme where depositing Rs. 12,500 will earn a return of Rs. 1 crore 3 lakh. This scheme is gaining popularity and is highly beneficial for investors. Additionally, Yamaha’s Fascino 125 scooter has become a popular choice for both men and women due to its impressive features and low price.

The electric scooter segment has recently seen a price hike due to the reduction in government subsidies. Ola Electric’s S1 Pro variant offers many features and a range of 181 kilometers on a single charge, while the S1 Air provides a range of up to 125 kilometers. Despite competition from Hero, Bajaj, TVS, and Ather electric scooters, Ola Electric’s vehicles continue to be highly popular due to their value for money.

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