India's electric two-wheeler showcase recorded a 29% year-on-year development in November, with add up to sales exceeding 118,000 units. However, on a month-on-month premise, the fragment enrolled at about 15% decay compared to October, agreeing to Vahan data.

Ola Electricheld its position as the showcase pioneer with 29,191 units sold, which accounted for 24.54% of the EV two-wheeler showcase. The Bhavish Aggarwal-led company’s advertise share has seen variances over the past six months. In October, its showcase share rose to 30% from 27% in September. Be that as it may, this remains lower than its prior offers, which were 32% in Admirable, 39% in July, and a top of 49% in June.

TVS Motor and Bajaj Auto remained in near competition in November with deals of 28,200 and 27,400 units, separately. The two companies too closed the hole with Ola Electric, capturing 23% and 22% of the advertise share, respectively.

Ola Electric’s arch rival Ather Vitality secured the fourth position with 15,800 units, whereas Saint MotoCorp's electric division recorded 3,300 units. Ather, which is moreover on the skirt of posting on the stock trade, controls 11% share in EV two wheelers space.

Similar to its execution in the EV two-wheeler showcase, Ola Electric’s share cost has moreover seen vacillations in recent months. In November, its offers were exchanging at Rs 72.72, about 54% lower than their crest of Rs 157.53 in mid-August. In any case, final week, the stock surged by about 30% taking after the declaration of a new scooter extend. This modern run, planned essentially for commercial utilize in commerce and conveyances, is anticipated to boost the company’s deals in the coming months.

In Q2, Ola Electric recorded a 26% decay in its working income to Rs 1, 214 crores when compared to Rs 1,644 crore in Q1 FY25. In any case, the firm enrolled 39% year-on-year increment in income from Rs 873 crore in Q2 FY24. The company posted a net misfortune of Rs 495 crore amid the September quarter.

source: entrackr.