Ola Electric Plans to Cut Store Count to 550 Amid Market Share Slide
February 26, 2026
Ola Electric plans to cut store count to 550 amid falling sales, staff exits, and rising competition in India’s EV market.
Ola Electric plans to cut store count to 550 amid falling sales, staff exits, and rising competition in India’s EV market.
Ola Electric Technologies Pvt Ltd continues to suffer pressure in India’s electric two-wheeler sector, with early 2026 registrations showing a slow start to the year. The company reported 7,365 units in January and 2,654 units through mid-February, bringing its year-to-date total to 10,019 units. The subdued momentum follows a weak close to 2025, when Ola Electric slipped to sixth position in November after registering 8,190 units, which is one of
During the first half of February 2026, India’s electric two-wheeler market saw a significant shift in momentum, with Ampere Electric outpacing Ola Electric in retail registrations. According to Vahan Portal data for the February electric scooter sales 2026, Ampere sold 2,155 units, just beating Ola Electric, which sold 2,020 units. While the difference is just slightly greater than 130 units, it is notable given Ola’s previous domination in India’s electric
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TVS iQube and Bajaj Chetak go head-to-head as Yamaha EC-06 signals a new chapter for India’s EV scooters.
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India’s electric two-wheeler sales picked up in January. Volumes rose to 1,12,881 units, from 94,209 units in December, a jump of almost 20 per cent. The top brands stayed competitive, with most leaders seeing gains. A few players, however, saw slower sales or small dips compared to the previous month. TVS, Bajaj and Ather Drive January Momentum TVS iQube topped the sales chart in January, selling 32,960 units. That’s a
TVS iQube crosses 8 lakh sales in India, helped by steady monthly volumes and strong demand through 2025.
