Ola Electric slips to fourth place as electric vehicle registrations fall amid fire fears

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As customers delay buying electric two-wheelers due to fires, Ola Electric saw its registration drop again in June, dropping the company to fourth place in the overall category. Also Read – Ola S1 Pro Users Report Issues After Updating To MoveOS 2.0, Company Not Acknowledged Yet

Ola Electric, led by Bhavish Aggarwal, has registered 5,869 electric scooter registrations (as of June 30), according to VAHAN data. The June tally for electric two-wheelers was led by Okinawa Autotech at 6,976 vehicles, followed by Ampere Vehicles Pvt Ltd at 6,534. Also Read – Ola S1 Pro Review with MoveOS 2 Update: A Glimpse into the Future

Electric Hero came in third with 6,486 VE 2-W registrations nationwide. Ather Energy rose from May to 3,797 vehicles, as well as Revolt which saw a big jump in registrations to 2,419 vehicles for June. Also Read – Okinawa Announces Launch of Its Largest Electric Vehicle Factory in India: Check Details

Ola Electric was the top EV player in the country in April and since then has seen its position drop continuously. Ola’s registration numbers fell more than 30% on June 30 compared to May 30.

Okinawan had sold 9,302 electric scooters in May and Ola Electric delivered 9,225 units of the S1 Pro electric scooter. According to Ola Electric, they were ready to see the impact of supply chain constraints, particularly on the cell shortage in June.

“We calibrated our business priority for the month to focus on improving our customer service and reduced our TAT (turnaround time) to less than 48 hours. supply will begin to fade and our strong order book will be filled,” the company said in a statement.

However, industry experts believe the continued decline in 2-W EV registrations is due to fear new buyers have around them amid growing bouts of fires, explosions of batteries and government investigations that have found faults with the batteries. A committee of experts set up by the Ministry of Road Transport and Motorways of the Union has found flaws in the security systems of the batteries of electric two-wheelers.

Manufacturers of electric two-wheelers have taken shortcuts in order to increase production and meet growing demand rather than focus on keeping riders safe, according to the initial report.

The panel found that electric vehicle manufacturers offered no mechanism to identify cell overheating and isolate failing battery cells. The Defense Research and Development Organization (DRDO), which was previously tasked with investigating electric two-wheeler fires by the Ministry of Road Transport and Highways, has also found serious faults in the batteries of the electric two-wheelers.

The defects arose because makers of electric two-wheelers like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, Ola Electric and Boom Motors may have used “substandard materials to cut costs”, the probe had revealed. DRDO.

The Bureau of Indian Standards (BIS) has now released new performance standards for lithium-ion batteries to protect consumers from the rise in electric vehicle fire episodes in the country.

(IANS)







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