Bajaj, TVS close in on Ola with low-cost models
Business Standard|July 13, 2024
Bajaj Auto and TVS Motor Company, after launching lower-priced electric scooter models over the past couple of months, have seized a combined 38.11 per cent market share of the etwo-wheeler segment, based on VAHAN registrations in the first 12 days of this month.
SURAJEET DAS GUPTA
Bajaj, TVS close in on Ola with low-cost models

This has intensified the competition with market leader Ola Electric, which now holds a 35.53 per cent market share.

In June, Bajaj Auto unveiled its Chetak 2901 at a starting price of ₹95,998 (ex-showroom). TVS Motor Company, in May, had launched a new variant of the iQube with a 2.2 kWh battery at ₹94,999.

Bhavish Aggarwal's Ola Electric was the first to launch a range of models priced under 1 lakh (ex-showroom) a market segment where rivals Bajaj and TVS hadn't ventured until recently. Ola's sub-1 lakh lineup includes the S1X (₹74,999), S1X+ (84,999), and the SIX with a 4 kWh battery (97,499). Ola Electric declined to comment on the latest numbers.

هذه القصة مأخوذة من طبعة July 13, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 13, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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