Ola Electric got a shock. Bajaj Auto becomes the largest electric two-wheeler company

There has been a massive change in the electric two-wheeler market in December. Bajaj Auto has achieved the highest share on this market, abandoning Ola Electric. In December, Bajaj Auto’s share in the electric two-wheelers section has elevated to about 25 %. This is a rise of about three % in comparison with the earlier month.

According to automobile portal knowledge, in December Ola Electric Retail gross sales have declined by about 5 % to about 19 %. TVS Motor retained its second place with about 23 % share. Ola Electric had carried out properly at the starting of the present monetary 12 months. However, after the discount in subsidies given by the authorities, competitors amongst corporations relating to pricing has elevated on this section. There has been a rise in the gross sales of low priced variants of electric scooters from Bajaj Auto and TVS Motor.

Last month, Bajaj Auto launched a new model of Chetak electric scooter. The company might quickly launch a new model for EV. Company’s Managing Director, Rajiv Bajaj had mentioned that Bajaj Auto will launch new merchandise on this section in the subsequent quarter. The company goals to extend its EV gross sales to about 5 lakh items in the subsequent monetary 12 months. Bajaj Auto additionally plans to launch a new model for EVs. In the previous few months, Ola Electric has confronted difficulties on account of shortcomings in service. The company has taken some steps to cope with this.

Ola Electric has elevated the variety of its shops 4 instances. The company has 4,000 shops. Service amenities may also be obtainable at these shops. Apart from massive cities, the company has additionally expanded its community in small cities and cities. Ola Electric has additionally introduced the launch of MoveOS 5 beta for its electric scooters. MoveOS has been offered as the working system in the company’s S1 electric scooters. The identical working system may also be utilized in its electric bikes. Features like group navigation, dwell location sharing and street journey mode by way of Ola Maps have been made obtainable with MoveOS 5.