Ola Electric's market share decreased to 27% in September

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According to government transportation portal Vahan, Ola Electric's market share decreased from 49% in Q1 FY25 to 27% as of September

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Ola Electric experienced its lowest monthly sales this year in September, according to government figures released on Tuesday

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Despite making its stock market debut two months ago, the company sold 23,965 vehicles in September, resulting in a second straight month of loss

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The SoftBank-backed firm's dominance was challenged by smaller competitors and servicing network issues

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Reasons: Increased competition, lower consumption during Shradh, rising customer concerns, govt excludes passenger vehicles from the ₹10,900 crore PM E-DRIVE scheme.

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Ola's competitors, TVS Motor and Bajaj Auto, have gained market share for five and three consecutive months, respectively

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Last month, a 26-year-old man was arrested for reportedly setting fire to an Ola store in Karnataka due to bad e-scooter service

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Ola's slowing sales and undercutting prices have impacted the company's financial performance. It is yet to report a profit

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