Ola Electric’s market share dips below TVS amid sharp drop in April sales

Suffering another setback, electric two-wheeler maker Ola Electric has ceded its leadership position in the market to legacy rival TVS Motor, posting a 42% year-on-year drop in sales last month.According to data from the government-run Vahan portal, the Bengaluru-based company recorded 19,709 vehicle registrations in April, translating to 21.46% market share. TVS Motor narrowly edged ahead with a 21.5% share in India’s increasingly competitive electric two-wheeler market.

Bajaj Auto and Ather Energy also made gains, capturing 20.7% and 14.3% of the…