Warranty expenses far exceed competitors and stay well above legacy automakers, prompting concerns for investors and buyers alike.
On the surface, Ola Electric is a long way ahead of its rivals. This month, it became the first firm in India to reach the milestone of producing 1 million EVs — 1.5 times the volume of its nearest competitor TVS Motors.
But behind the manufacturing feat is a disquieting statistic: Ola Electric tops the sector in warranty outlays, by a considerable margin. Even as warranty payouts have become a yardstick for strain among electric two-wheeler startups in India, Ola’s figures are notably high.
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