Ola Electric slips to number three in EV two-wheeler market as rivals gain ground

Ola Electric fell to the third position in India’s electric two-wheeler market in May, losing ground to legacy companies TVS Motor and Bajaj Auto amid a sector-wide sales slowdown. The erstwhile market leader, which has been grappling with operational and regulatory challenges, saw its market share shrink to a fifth from more than half just 13 months ago.

The Bhavish Aggarwal-led company had a 20% market share in the first 26 days of May, down from a 22.1% share in April, showed data from the government-run Vahan portal. It recorded 15,221 vehicle…