India, March 2 -- Ola Electric slipped further to the sixth spot in terms of market share in the electric two-wheeler (E2W) market in February after its registrations slumped 47% to 3,968 units from 7,531 units in January. This came amid a broader decline in E2W registrations in February, which slipped 9% to 1.12 Lakh units from 1.23 Lakh units in January, according to Vahan data.

On a yearly basis, Ola Electric's sales declined over 84%, as consumer trust in the brand continues to erode on the back of lacklustre after-sales services. Notably, the company launched 'Ola Insiders' programme last week to provide structured benefits for vehicle upgrades, additional purchases and referrals.

Nevertheless, Ola Electric now ranks below Greaves ...