Just a year ago, Ola Electric was the undisputed king of India’s electric two-wheeler market with a massive 52% market share. Fast forward to February 2025, and things have taken a sharp turn. Ola Electric’s registrations have crashed to just 8,390 units — the lowest since August 2022. That’s a 65% drop from 24,376 units recorded in January 2024. And while Ola is still leading the pack, its rivals are catching up fast. Now, the entire electric two-wheeler market isn’t exactly thriving. According to Vahan, total registrations slumped 27% in February to 71,847 units — the lowest since April 2024. But here’s the key point — while everyone took a hit, Ola’s fall was the steepest. High-speed E-2 wheeler sales trend by OEM. Bajaj Auto is making the most of it. It sold over 20,000 electric scooters in February, grabbing a 27.8% market share. TVS Motor wasn’t far behind, clocking 17,605 units and securing 24.5% market share. Even Ather Energy, Ola’s closest startup competitor, registered 11,130 vehicles, cornering 15.5% of the market. Story continues below …