Results · Mobility & Logistics

Ola Electric sales plunge 47% in February

By Startup Enthusiast · 1 March 2026

What they do

Ola Electric makes electric scooters, motorcycles and three-wheelers

Its February 2026 sales fell 47% month-on-month to 3,968 units, market share 3.55%

The company slipped out of the top five EV two-wheeler makers in February 2026

Ola Electric sold 3,968 units in February 2026, a 47% drop from the previous month.
Its market share fell to 3.55% in February 2026.
The company slipped out of the top five EV two-wheeler makers in February 2026.
Overall EV two-wheeler registrations in February 2026 were 1,11,680 units, down 9% month-on-month.
TVS Motor led with 31,600 units and a 28.3% market share.
Bajaj Auto sold 25,323 units (22.67% share), and Ather Energy registered 20,581 units (18.43% share).
Ola Electric's share price hit an all-time low of ₹23.82 on March 2, 2026.
Its market capitalisation stood at ₹10,528 crore ($1.1 billion) on that date.

Ola Electric's market share collapsed from over 35% in January 2025 to 3.55% in February 2026.
The company's Q3 FY26 revenue was ₹470 crore and net loss was ₹487 crore, down 14% year-on-year.
Ather Energy, a competitor, had a market capitalisation of ₹27,150 crore (~$3 billion) in February 2026.
The overall EV two-wheeler market also shrank 9% month-on-month in February 2026.

Ola Electric makes electric scooters (S1 Pro Sport, S1 Pro+, S1 X+, S1 Z, S1 Air, S1 X, S1), electric motorcycles (Roadster X, Roadster X+, Roadster, Roadster Pro), and electric three-wheelers (Shakti, Shakti Rack, Mahashakti).
It also sells home energy products: Ola Shakti batteries (4.6 kWh and 9.2 kWh) and an MPPT solar charge controller.
Scooter prices range from ₹79,999 (S1 Z) to ₹1,58,371 (S1 Pro+).
Motorcycle prices range from ₹1,04,999 (Roadster X, Roadster) to ₹1,99,999 (Roadster Pro).
Three-wheeler prices start at ₹99,999 (Shakti, Mahashakti).
It has 590 service centres and plans to make 1 lakh third-party mechanics EV-ready.
It offers AI-powered proactive maintenance alerts, remote diagnostics, and a same-day service guarantee.
An upgrade program is live across India for over 1 million owners.

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