Ola Electric’s market share increases to 25.8% in January

Ola Electric saw its market share increase by six percentage points to 25.8% in January from a month ago selling 24,335 vehicles, according to Vahan data. However, this remains less than half of the Bengaluru-based company’s total market share of 53.6% in April last year.The decline in share comes amid rising competition in the electric two-wheeler space, regulatory run-ins, and mounting customer complaints.

Ola Electric faces competition from TVS Motor, Bajaj Auto, and IPO-bound Ather Energy, which together account for around 90% of the electric…