Ola Electric Sales Decline, Shifts Stores to Home Inverters
Ola Electric's scooter sales have significantly declined by over 50% in 2025, leading to a substantial drop in market share. The company is now leveraging its extensive retail network to sell its new 'Ola Shakti' home energy storage products as a strategic pivot.
- Ola Electric's scooter sales halved in 2025 compared to previous year.
- Company lost market leadership, falling to fifth position in EV two-wheeler segment.
- Ola is now selling 'Ola Shakti' home inverters through its existing stores.
- Sales declined significantly across major Indian states like Maharashtra and Karnataka.
- Regulatory actions earlier in 2025 led to showroom closures in Maharashtra.
- The move signals a strategic diversification beyond electric vehicles.
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