New Delhi, July 1 -- Bhavish Aggarwal-led Ola Electric Mobility Ltd began FY26 on a weak note with its electric two-wheeler sales falling around 47% year-on-year (y-o-y) to 57,000 in the first quarter (April-June), data from the government's Vahan portal showed. Alongside, its market share has fallen to around 20% in Q1 from nearly 50% in Q1 of FY25.

In the same period, legacy players have doubled their sales. Hosur-headquartered TVS Motor led the electric two-wheeler segment in Q1 with 68,682 units sold, followed by Pune-headquartered Bajaj Auto Ltd, which recorded 62,629 unit sales, data from Vahan portal showed. Ola's startup rival Ather Energy, which listed on the bourses this May, also more than doubled its sales y-o-y in Q1 to near...