Ola Electric’s market share falls, Bajaj on top
In December 2024, Ola Electric’s market share in the electric two-wheeler segment dropped below 20%,
ceding its leadership position to Bajaj Auto. According to Vahan data, Bajaj Auto led the market with nearly 25% share, selling 18,276 units, while TVS Motor claimed the second spot with 23.48% share and 17,212 units sold. Ola Electric, with 18.78% share and 13,769 units sold, saw a steady decline in its market share from 49% in June 2024. This decline came despite the company offering significant discounts and facing high-profile exits.
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