Ola Electric registrations drop 33% in November as market share falls to 24%

Ola Electric's vehicle registrations fell by 33% in November, totaling 27,746 units, down from over 40,000 in October. The company's market share also dropped to 24% from 30% the previous month, but it remains the leader in the electric two-wheeler market. The overall electric two-wheeler market experienced an 18% decline in registrations month-on-month. Other major players, including TVS Motor and Bajaj Auto, also reported decreases in sales, contributing to the overall market downturn. Despite the month-on-month decline, electric two-wheeler registrations increased by 23.5% compared to the same month last year. This indicates a year-on-year growth trend in the electric vehicle sector.