Electric 2W segment grows 24% in February; Ola leads the pack

Ola led the pack with 33,722 units registered. The company now has a market share of 41.1%.

The electric 2-wheeler segment registered a year-on-year growth of 24% in February 2024, with Ola Electric clocking the highest registrations.

According to Vahan data, a total of 81,963 electric 2-wheelers were registered in February. Electric 2-wheeler penetration rate rose from 5.6% in January to 5.7% last month.

Ola led the pack with 33,722 units registered. The company now has a market share of 41.1%. 

TVS Motors recorded 14,499 registrations, followed by Bajaj Auto with 11,618 units. Ather Energy and Greaves Electric complete the top 5 with 8,983 and 2,606 units, respectively. Hero MotoCorp clocked 1,750 registrations. 

Source: ET