Ola Electric's market share crosses 50% even as India EV sales dip in April

Ola Electric saw its market share expand to more than 50 percent in April, selling 33,934 electric two-wheelers, despite a broader 52 percent slump in overall EV two-wheeler sales to 64,013 units from the preceding month, according to Vahan website data as of May 1.

The overall decline in sales is mainly due to April being a seasonally slow sales period coupled with demand tapering down post-festive season, industry sources told Moneycontrol. EV two-wheeler sales during April 2023 were at 64,855 units.