hey friends, do you know there is a lot of commotion in the electric two-wheeler market! Ola Electric, which was once the king of India’s EV segment, slipped to the third position in May 2025.
TVS Motor and Bajaj Auto have kept the game in check on the back of their iQube and Chetak. How did this happen? Will Ola be able to bring back its charm? Let’s see the reason for this.
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TVS-Bajaj’s Blockbuster Move: New Boss in the Market!
As per Vahan portal data of May 2025, TVS Motor sold 19,451 units and captured 25% market share, a big jump from last year’s 15.6%! Bajaj Auto is also not lagging, coming in second with 17,167 units and 22% share.
Ola Electric Bas ranks third with 15,221 units and 20% share. Last year, Ola had a market share of 49.2%, and now this is a big blow to Ola! Budget-friendly variants of TVS iQube and Bajaj Chetak, and aggressive pricing have changed the game.
Ola Electric Challenges: What is the reason for the slippage?
For Ola, this setback is a result of supply chain issues and tough competition. Customers are now choosing affordable and reliable options, and TVS-Bajaj has seized this opportunity by reading the customer’s mind.
The high pricing of Ola’s scooters and some complaints about after-sales service are also being cited as reasons for this downfall, but Ola is not sitting idle. The company has made plans to regain market capture with its upcoming budget EV models.
Ola Electric Comeback Plan: Return Number One?
Ola Electric has now adopted aggressive strategies. With new affordable models and better service networks, the company is expected to recover market share by the end of 2025. Discounts and new launches are also in the pipeline. Will Ola regain its top spot? Only time will tell!
Future of the market: EV war will happen and fast!
India’s EV market has now become a battleground. Along with TVS and Bajaj, Hero MotoCorp is also leaving no stone unturned in making a bid with its Vida scooters. Ola will now have to move ahead with innovative features, better pricing, and strong after-sales.
Otherwise, this time Hero MotoCorp will also take away the 3rd rank from it. What do you think—who will win this EV race?
Salini Tiwari is a passionate automobile blogger specializing in bikes. With around 1 year of dedicated experience in the motorcycle niche, she combines personal interest with ongoing research to deliver valuable insights for enthusiasts. Her articles on Accelon Motors reflect a genuine understanding of two-wheelers, riding trends, and performance analysis, making her a trusted voice among readers seeking expert-backed bike content.