Ola Electric said that it held a 40% market share in India’s two-wheeler electric vehicle segment, having sold over 30,000 EVs in December 2023, a 74% year-on-year increase. It posted around 84,000 registrations for the fourth quarter of last year, a 68% jump from Q4 2022.

The company also hit a production milestone of 400,000 scooters in two years.