industry

Ola Electric slips to 4th spot as EV registrations fall amid fire fears


Ola Electric’s registrations fell further in June as customers put off purchasing electric two-wheelers in the wake of several fires, dropping Ola to fourth place overall.

According to VAHAN data, Ola Electric, owned by Bhavish Aggarwal, registered 5,869 electric scooters.

In April, Ola Electric was the country’s top EV player; however, its standing has slipped steadily since then.

On June 30, Ola’s registration numbers dropped by more than 30 percent compared to May 30.

When it came to cell shortages in June, Ola Electric said they were prepared for supply chain constraints to have an impact.

Okinawa Autotech had the most EV two-wheelers in June, with 6,976 units, followed by Ampere Vehicles Pvt Ltd with 6,534 vehicles.

Third is the Hero Electric, which has 6,486 EV 2-W registrations in the country.

In June, Ather Energy registered 3,797 automobiles, while Revolt experienced a significant increase in registrations to 2,419 vehicles.

Okinawa had sold 9,302 electric scooters in May and Ola Electric delivered 9,225 units of the S1 Pro electric scooter.

“We calibrated our business priority for the month to focus on bettering our customer service and brought our TAT (turnaround time) to within 48 hours. Come July, we are confident that supply chain issues will start fading out and our strong order book will be fulfilled,” the company said in a statement.

Experts believe that new customers’ fear of fires, battery explosions, and regulatory investigations into battery defects is to blame for a steady decline in the number of EV 2-W registrations.

An expert committee set up by the Union Road Transport and Highways Ministry has found safety system flaws in batteries of electric two-wheelers.

Manufacturers of electric two-wheelers allegedly utilised shortcuts to increase production and fulfil rising demand rather than assuring the safety of the passengers.

Experts on the committee determined that the EV manufacturers had no system in place to detect overheated cells and isolate bad batteries.

Batteries for electric two-wheelers were also determined to have major flaws by the Defense Research and Development Organization (DRDO).

Some electric two-wheeler producers, such as Okinawa Autotech and Pure EV, may have utilised “lower-grade materials to save money,” according to the DRDO investigation.

The Bureau of Indian Criteria (BIS) has now set new performance standards for lithium-ion batteries to protect customers in the face of the country’s increasing EV fire incidents.



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