Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_08e5819ec22b634a48ba899cfb9e0e8e, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
In just 5 months, Ola overtakes Hero Electric to become the market leader in electric 2 wheelers in April, Auto News, ET Auto - Awaj Ludhiana Ki
Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Automobiles

In just 5 months, Ola overtakes Hero Electric to become the market leader in electric 2 wheelers in April, Auto News, ET Auto

by author
May 1, 2022
in Automobiles
0
In just 5 months, Ola overtakes Hero Electric to become the market leader in electric 2 wheelers in April, Auto News, ET Auto
0
SHARES
60
VIEWS
Share on FacebookShare on Twitter


 Hero Electric indicates that its tally in May would also be constrained, which would act as an advantage to Ola.
Hero Electric indicates that its tally in May would also be constrained, which would act as an advantage to Ola.

It has been just five months since Ola entered the electric two wheeler market but last month it displaced Hero Electric to become the new segment leader.

According to the government’s Vahan portal, Ola Electric delivered 12,683 units to its customers, registering a 39% increase over its tally in March. Hero electric on the other hand witnessed a 50% decline at just 6,570 units last month. It not only lost its crown but also got pushed back to the number three slot as Okinawa delivered more than 10,000 scooters in the month for the first time.

Related posts

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto

February 24, 2025
Regulatory bump may stall Tesla entry into India, ET Auto

Regulatory bump may stall Tesla entry into India, ET Auto

February 24, 2025

Though Ola Electric has never shared the number of bookings it has received from its customers, Vahan numbers show how sales have grown since deliveries first started in mid December. After struggling with the cumbersome processes at RTOs–Ola uses a direct to home delivery model bypassing traditional dealers– its sales have grown at a fast clip month on month this year.

Hero Electric also witnessed a strong growth in recent months–in March it delivered over 13,000 scooters, but on Saturday it admitted to facing acute shortage of semiconductor chips that meant it could not dispatch even a single scooter to its dealerships. It indicates that its tally in May would also be constrained, which would act as an advantage to Ola.

In just 5 months, Ola overtakes Hero Electric to become the market leader in electric 2 wheelers in April
“It’s like putting an emergency brake on a fast moving train. Our sales were almost doubling month on month and we somehow managed with sourcing from different geographies but the war collapsed a major supply chain resulting in this disruption,” said Sohinder Gill, CEO, Hero Electric. “We have geared up alternate sources and will soon resume production. Meanwhile we are using this time to enhance our plant capacity to increase our production volumes as well as revisit our systems and processes related to batteries to further reinforce the quality assurance of our bikes.”

“The recent happenings of fire incidents is an awakening call for the industry and we believe that even the best of the companies should introspect and constantly improve their designs and quality to repose confidence in the electric mobility that is going through such a robust growth path.” he added.

Though none of Hero Electric’s scooters have caught fire, Gill’s comment on fires is a subtle dig at Ola. One of the S1 Pro’s scooters in Pune caught fire in late March raising questions about the safety credentials of the company. In April, it announced a recall of 1,441 scooters to check the batteries.

It has had other problems too. Initially, customers complained about long waiting periods and delays in delivery of the scooters. Then a number of glitches in the software saw irate users take to social media voicing their concerns. Instances of bugs in the software leading to the scooter going in reverse at high speed or the range in the battery suddenly dropping, were also reported. These instances however, have not impacted the demand for the scooters so far, something that Bhavish Aggarwal has used to defend his firm.

“Customers are voting with their money. We have the largest market share in the industry and nobody else can claim that,” Aggarwal told journalists recently. “There has to be a reason why customers are buying our scooters. They wouldn’t if it wasn’t good. And not just one time customers but we are seeing repeat customers.”

“From one purchase window to the next, demand is only going up. It is actually a matter of whether we can ramp up production in time to satisfy the demand. My target is that customers should get their scooters within a week of booking. Right now it takes about a month,” he added.

Also Read:

Unfazed by last month’s fire incident and the software glitches in its maiden scooter S1 pro, Ola founder and CEO Bhavish Aggarwal is pressing ahead with plans to launch its first electric car by 2023 or early 2024. It will have advanced autonomous technologies to make it relevant for international markets and a sub INR 10 lakh price for India is not ruled out.





Source link

Previous Post

In future, world should hear ‘Digital India Inside’: MoS IT

Next Post

Amid unprecedented economic turmoil in Sri Lanka, inflation jumps to 29.8% in April | World News

Related Posts

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto
Automobiles

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto

February 24, 2025
Regulatory bump may stall Tesla entry into India, ET Auto
Automobiles

Regulatory bump may stall Tesla entry into India, ET Auto

February 24, 2025
Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years, ET Auto
Automobiles

Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years, ET Auto

February 24, 2025
Tesla fever grips India again even while Musk keeps mum, ET Auto
Automobiles

Tesla fever grips India again even while Musk keeps mum, ET Auto

February 22, 2025
MoRTH has adopted a big data driven approach to infra planning, says Nitin Gadkari, ET Auto
Automobiles

MoRTH has adopted a big data driven approach to infra planning, says Nitin Gadkari, ET Auto

February 20, 2025
BS7 committee examining compliance challenges of ethanol-blended fuels, ET Auto
Automobiles

BS7 committee examining compliance challenges of ethanol-blended fuels, ET Auto

February 20, 2025
Next Post
Amid unprecedented economic turmoil in Sri Lanka, inflation jumps to 29.8% in April | World News

Amid unprecedented economic turmoil in Sri Lanka, inflation jumps to 29.8% in April | World News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Tata Consumer to strengthen e-commerce along with traditional distribution: TCPL chairman N Chandrasekaran

Tata Consumer to strengthen e-commerce along with traditional distribution: TCPL chairman N Chandrasekaran

4 years ago
Mahindra unveils 5 e-SUVs; launch to begin by Dec 2024, Auto News, ET Auto

Mahindra unveils 5 e-SUVs; launch to begin by Dec 2024, Auto News, ET Auto

3 years ago
Rajya Sabha Election 2022: Amid drama and accusations, BJP bags 8 out of 16 seats – check state results | India News

Rajya Sabha Election 2022: Amid drama and accusations, BJP bags 8 out of 16 seats – check state results | India News

3 years ago
Deep Vision announces its low-latency AI processor for the edge – TechCrunch

Deep Vision announces its low-latency AI processor for the edge – TechCrunch

5 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News
  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support
  • Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News
  • Indians In UAE Gave Up Citizenship, Paid Big For ‘Second Passport’ – Now The West Is Locking Them Out | World News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In