Ola Electric Losing Spark? Sales Decline Drastically; TVS Motor, Bajaj Auto Capture Top Two Spots In May Sales

New Delhi: Ola Electric noticed a 51 in step with cent (year-on-year) decline in electrical two-wheeler gross sales to 18,499 devices in May 2025, shedding to the 3rd place at the back of opponents TVS Motor and Bajaj Auto. 

May 2025 noticed a robust efficiency within the electrical two-wheeler (E2W) section, with retail gross sales achieving 100,266 devices, in line with the federal government’s Vahan knowledge.

TVS Motor led with promoting 24,560 devices, registering a 107 in step with cent year-on-year (YoY) expansion and securing 24 in step with cent marketplace percentage in May.

Bajaj Auto clocked the sale of 21,770 devices, registering a 135 in step with cent YoY expansion and 22 in step with cent marketplace percentage at the second one place, the Vahan knowledge confirmed.

Bhavish Aggarwal-led Ola Electric registered an 18 in step with cent marketplace percentage closing month on the 3rd spot.

Ather Energy, which went public closing month, bought 12,840 devices and captured 13 in step with cent percentage of the marketplace.

Ola Electric’s monetary efficiency took a pointy beating within the fourth quarter (This fall) of FY25, as the electrical car maker reported a steep drop in income and a twofold building up in web losses on a year-on-year (YoY) foundation.

The corporate posted a web lack of Rs 870 crore for the January–March quarter (This fall), up from Rs 416 crore in the similar quarter earlier fiscal (This fall FY24), in line with its inventory trade submitting.

Revenue from operations fell considerably to Rs 611 crore in This fall FY25, marking a 61.8 in step with cent decline from Rs 1,598 crore a 12 months in the past.

This is without doubt one of the corporate’s worst quarterly income performances since it all started industrial deliveries of its electrical two-wheelers in overdue 2021. The drop comes amid emerging festival within the electrical scooter marketplace, regulatory uncertainty round govt subsidies, and stock correction throughout dealerships.

For the overall 12 months FY25, Ola Electric’s income additionally fell to Rs 4,645 crore, down from Rs 5,126 crore in FY24.

Ather Energy additionally reported a web lack of Rs 234.40 crore within the fourth quarter of the closing monetary 12 months (FY25), widened by way of 18.5 in step with cent from Rs 197.8 crore web loss in Q3 (quarter-on-quarter). Total bills rose to Rs 922 crore in This fall, 8.7 in step with cent up on a quarterly foundation and 12.6 in step with cent year-on-year.

The corporate’s income from operations went up 29 in step with cent to Rs 676 crore in This fall, from Rs 523.4 crore within the year-ago length.