Ola Electric’s Q1 sales halve as TVS, Bajaj edge ahead in two-wheeler EV race

In the same period, former players doubled their sales. Hosur-based TVS engine directed the two-wheel segment of 68,682 units of 68,682 units, and then the Pune-Constreed Bajaj Auto Ltd, which recorded 62,629 units, showed the data of Vahan Portal. Ather Energy, an initial rival listed in Bounses this May this May, doubled its sales in the first quarter to approximately 40,000 electric Scooters.

In general, the electric two -wheeled market was 31% in the first quarter. TVs 24% market share, bajaj 22%, Ola Electric 20% market share. ATER’s market share was 14% in the first three months of the fiscal year.

To be sure, at the end of the previous financial year (FY25), Ola’s market share is 30%, TVs are 21%, Bajaj Auto’s 20%and 11%of ATER.

Experts are expected to increase for the increase of former players because they use distribution networks and experiences in the automobile market.

“We believe that the increase in TVS and Bajaj’s home presentation will not be sustained, not only the increase in the home presentation of Kahraman Motocorp, but “While scalaning his Hero portfolio, former players are expected to capture 60-65% of India’s E2W market share of 27% of 27%.

In the next two years, Hero Motocorp monitors 25,000-30,000 per month in the electric two-wheeled area and launching two new variants of the flagship of Vida Electric Scooter in the current financial year. Average monthly sales in FY25 were about 4,000 units.

During the last call for earnings on May 29, Ola Electric guided 65,000 scooters and bicycle sales and LaIncome 800-850 Crore. Vahan portal is a company spokesman for not capturing the data of TaLangana Mint That Ola is on the way to obtain the specified guidance.

When asked whether the company will get the first quarter guidance, in a response sent to the spokesman E -Post, “Please note that we are on the road with a quarter guidance related to vehicle deliveries and income”.

In February, the company said he had encountered interruptions in the recording of vehicles due to re -negotiation with the registration agencies. He moved the entire registration process at House, and in February and March, the accumulated works of the records spread to the first quarter of the current financial year. During the latest call for earnings, the company reported that registration problems were resolved in the current quarter.

In order to undertake Legacy players’ infrastructure in the field, the project has increased its sales network to more than 800 stores in the last year as a part of Vistaar. However, despite the expansion of the electrical motorcycle (in May 2024) and Gen3 platform Scooters (January 2025), the company’s market share fell.

Ola Electric’s President and General Manager Aggarwal said that during recent earnings, analysts and investors will soon gain market share as the company soon increases network efficiency and sales efficiency.

“In the last two quarters, we lost its market share as we grew slower than we expected market penetration, and the competition intensity has increased significantly in all distribution, product and pricing branches.” “However, the industry is in a state where the first three players are equal to roughly, and there and there is a little bit. And now I believe that the scooter home industry will start to gain real products and innovations, and start to balance profitability and growth.”

Financial performance also faced the expansion of the company’s net loss. La2.276 Crore from FY25 LaEven if his income decreases, 1,584 CRORE in 24 financially La4,514 CRORE La5.010 Crore.

The decline in sales led to the reduction of the debt of Ola Electric Technologies Private Ltd, a key subsidiary where Ola Electric sold its scooters. Rating Agency reduced ICRA debt La1,887 Crore.

“Reducing the ratings and the continuation of the negative appearance are caused by the slower scaling in OET’s electric two -wheeled (E2W) sales volumes than expected, which resulted in cash combustion time for a longer time than expected and extended the way to the profitability of the company.”

The continuous decline in sales worried investors, and Ola’s scenario on NSE decreased by about 50% in 2025.

On Monday, Ola’s share price in NSE increased by 0.05% La43.11. The scenario achieved its highest value La146 on August 19, 2024.