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Ola vs TVS Electric Scooters - Which One Should You Buy?
If you are looking to buy an electric scooter, both Ola and TVS can be excellent choices. Both manufacturers feature two-wheelers with sleek, lightweight designs, eye-catching colours, and a decent riding range, enabling them to serve as reliable daily drivers.
So, let’s compare various aspects like the market share, segments, safety features, and other factors of both brands, enabling you to make an informed decision.
Disclaimer: The information is updated here as of 1st March 2024 and is subject to change
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Compare Insurance Premium for Ola and TVS iQube Two Wheelers
Both Ola and TVS iQube have similar models across different segments, from scooters to lightweight bikes and high-performance bikes. When comparing the insurance prices for these two brands, you need to consider the specific model as premiums are not determined based on the brands
Generally, the two wheeler insurance prices for these two brands are similar across different segments, and the premiums are calculated as per the model.
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Ola Electric Company Overview
Established on 26th May 2017, Ola Electric is a Bangalore-based electric vehicle manufacturer. It is the country’s biggest, most advanced, and sustainable two-wheeler manufacturing facility and aims to make India a global EV hub.
The company aims to drive this transition by designing and manufacturing all the components and technologies required to make an electric vehicle and make it more accessible to the mass market.
TVS Motor Company Overview
Operational since 1978, TVS Motor Company is a Chennai-based multinational two-wheeler manufacturer. In terms of revenue, it is India's third-largest motorcycle company and has an annual sales turnover of around 3 million units.
Additionally, TVS is India's second-largest two-wheeler exporter, with a customer base in 60 countries. This company entered the electric scooter segment by releasing the TVS iQube Electric in January 2020.
Market Share of Ola and TVS Electric
Check a brief overview of the market share of both companies in the table below:
Basis |
Ola | TVS Electric |
| Market Share | 40% market share as of January 2024 | 19% market share as of February 2024 |
| Units Sold | 32,160 units in January 2024 | 15,279 units in January 2024 |
- Ola Electric Market Share: Ola Electric occupies a dominant position in the Indian electric scooter market. In December 2023, it became the first E2W manufacturer to achieve record sales worth 30,000 registrations within a month. Moreover, it crossed these sales figures in January 2024, reaching an all-time high of 32,160 units.
- TVS Motor Company Market Share: TVS currently occupies the second place in terms of market share in the electric two-wheeler segment. The sales of its iQube lineup have increased from 12,293 units to 15,181 units between January 2023 and 2024, indicating 45% growth.Additionally, TVS is expanding the availability of its electric scooter sales in markets across Nepal and Europe to improve its sales.
Compare the Segments of Ola and TVS Electric Scooters
Find the segment-wise details of both electric scooters in the table below:
Types of Ola and TVS models by Segment
Parameters |
Ola Electric | TVS Electric |
| Electric bikes and scooters | OLA S1 X, OLA S1 Air and OLA S1 Pro | TVS iQube and TVS X |
Compare Ola and TVS models by Mileage
Find the mileage-wise details of both electric scooters in the table below:
Types of Ola and TVS models by Mileage
Parameters |
Ola Electric | TVS Electric |
| Electric bikes and scooters | 161-181 km on a single charge | 80-145 km on a single charge |
Ola currently offers 3 electric scooter models: Ola S1 X, Ola S1 Air, and Ola S1 Pro. The S1 Pro is the flagship model and comes at around ₹1.30 lakhs. The EV manufacturer is also working on releasing EV bikes like the Ola Roadster, Ola Cruiser, Ola Adventure, and Ola Diamondhead in 2024. Furthermore, it plans to expand into EV car manufacturing soon.
TVS offers two electric scooters in India: TVS iQube and TVS X. The TVS iQube is currently one of the most popular EV scooters in the country and is available in 2 variants. With a starting price of ₹1.34 lakh, it has a riding range of 100 Km on a single charge and delivers a top speed of 78 km/hr. TVS X Electric scooter was launched at ₹2.50 lakhs.
Safety Features in Ola and TVS Electric
Here are some of the safety features of Ola and TVS Electric
Ola |
TVS iQube |
| IP 67-rated water and dustproof battery. | IP 67-rated water and dustproof battery. |
| The Anti-Lock Braking System (ABS) prevents the scooter from slipping during sudden brake applications. | The built-in SIM in the dashboard allows you to live-track your two-wheeler’s location through the dedicated app. |
| Ola Sense's dynamic vehicle management system ensures optimal performance under a variety of conditions. | The Geofencing system alerts you whenever your scooter crosses specific locations. |
| Regenerative Braking extends the driving range of your scooter by capturing kinetic energy and using it to recharge the battery. | Crash/Fall Alert notifies your emergency contacts immediately in case the scooter gets in an accident. |
| BMS Sensors work 24/7 to detect any battery issues. | Anti-Theft Alert notifies you if anyone tries to drag your scooter while it is locked. |
After Sales Service & Support of Ola and TVS Electric
Here is a comparison between Ola and TVS based on their sales service and after-sales support:
Ola |
TVS iQube |
| 414 service centres all across India | Over 4,500 service centres across 3,800+ cities |
| 24/7 roadside assistance | 24×7 service availability |
Although TVS has established itself as a leading two-wheeler manufacturer over the years, Ola is making a name for itself by making electric vehicles widely available to the Indian market. Thus, both Ola and TVS are viable choices for electric scooters. You can check out the key specs of both two-wheelers and opt for one that best suits your preferences.
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