Ola Electric Share Price: The Ola Electric Company said during the Q3 FY24 conference call that the company is expected to grow very fast from electric motorcycles. It will take half or two-thirds of the required time taken for EV scooters. The management of the company said, “The EV Transition for the scooter started about three years ago, which started with less than 1 percent of reach. It has reached 20 percent today. It took more than three years. . ” But as far as motorcycles are concerned, more awareness of consumers about EV and a well -established sales and service network is expected to take very little time for customers to adopt it. The company said this.
The company described the EV motorcycle segment as a significant turn in the EV two -wheeler and three -wheeler industry in India.
In the EV motorcycle segment, the company started booking the Roadster X and Roadster X+ (Roadster X+) from 5 February.
EV scooter may have 25-30 percent access by CY25
The management said that about the EV scooter, the company feels that its access to CY25 is expected to increase from 20 percent to 25-30 percent. The management said that the number may be slightly or less or higher, depending on how the competitors play.
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The company said that this would benefit Ola Electric. He said, with our extended distribution, customers now have access to a competitive price with high quality products. He said that earlier, the price of alternative options was either high or lacking efficiency.
Ola Electric’s consolidated net deficit increased to Rs 564 crore in Q3Fy35. Which is 50 percent more than the period of a year ago. Whereas, its consolidated revenue was around Rs 1,045 crore, which is 19 percent less than the previous year.
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