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The company's market share for the period under review in the EV 2W segment was over 28%. Ola Electric had commanded a market share of 25% and registered 24,341 units (as per VAHAN data) in January 2025. The company had recently announced the renegotiation of its contracts with its vehicle registration agencies, a move that temporarily affected registration numbers on the VAHAN portal during February 2025. The negotiations aim to reduce costs and streamline the registration process. Spokesperson, Ola Electric Mobility, said: 'We have successfully maintained a strong sales momentum & leadership position through the month of February. Owing to our wide scooter portfolio across mass and premium segments, and our network of 4,000 stores across India, we are now witnessing a strong uptick in demand beyond urban cities from Tier 3 & 4 towns. With our Roadster X deliveries scheduled next month, we are confident of further accelerating the EV adoption across the 2W category in India.' Ola Electric Mobility is a manufacturer of electric vehicles (EVs) and certain core components for EVs such as battery packs, motors, and vehicle frames at the Ola Future factory. The company had reported a consolidated net loss of Rs 564 crore in Q3 FY25 as compared with a net loss of Rs 376 crore in Q3 FY24. Net sales fell by 19.4% YoY to Rs 1,045 crore in the third quarter. The scrip fell 2.11% to currently trade at Rs 55.71 on the BSE. Powered by Capital Market - Live News
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