Ola Electric to Reduce Cost by Process of Vehicle Registrations in-House, Sales, Ev

Ola Electric, one of the large electric two-wheeler companies, has planned to take a new way to reduce the cost. The company has prepared to process the vehicle itself. Earlier, Ola Electric had outsourced the process of registration of vehicles.

NDTV Profit about this Report Sources have been quoted as saying that the company has formed a team to process the registration of vehicles. Ola Electric estimates that this cost will be reduced to about 20 percent. For registration of an electric vehicle of the company, Vendor Rosmerta is paid Rs 1,500-1,800. Ola Electric estimates that this expenditure may be reduced to about 300 rupees. Recently, the company had said that there may be a decrease in the registrations of its vehicles on the Vahan portal in February. The company had said that it is talking again with vehicle registration agencies about its contract. Its purpose is to make the process of registration easier and reduce the cost. However, this will not affect the company’s sales.

Ola Electric has to pay the arrears of about Rs 18 crore from Rosmerta. In February, only one-third of the sale of the company’s electric scooters was registered. Ola Electric has informed about some more than 25,000 units in February. However, only 8,390 electric scooters have been registered on the Vahan portal. Ola handles the process of registration of Rosmerta and Shimnit vehicles for Electric.

This is a decline of about 26 percent in the company’s sales in February on a year-on-year basis. However, despite this, Ola Electric has retained its first rank in this market. The company’s market share was around 28 percent in February. The company has reported that its electric scooters’ S1 range performance is strong. Along with this, he is also getting help from about 4,000 stores sales and service networks. This month, the delivery of the Roadster X Electric Motorcycle of Ola Electric is to begin. This may increase the sales of the company.