Ola Electric’s Bhavish Aggarwal cheers rival Ather on stock market debut

Electric vehicle maker Ola Electric extended a warm gesture to rival Ather Energy, congratulating the company on its stock market debut. Posting on X, it wrote, “The EV revolution was never meant to be solo. Welcome to the bourses @atherenergy! Let’s go full throttle.”

Ola Electric CEO Bhavish Aggarwal also chimed in, addressing Ather CEO Tarun Mehta and his team directly with a message of support: “Let’s together make India the global EV hub,” he said.

In response, Mehta thanked Aggarwal, adding, “The Indian EV story is just getting started, and the two-wheeler segment is already leading the charge. Excited about what we can build together in this space!”



The exchange between the two competitors was praised on social media, with many X users appreciating Aggarwal’s sportsmanship and the show of unity in the EV sector.

A key competitor to Ather, the Aggarwal-led company made its own market debut in August 2024. However, Ola’s share price has tumbled more than 60% since its market debut due to a series of setbacks like showroom raids, government scrutiny and data discrepancies.

Three quarters into fiscal year 2025, Ola had the biggest market share in the electric two-wheeler space. Ola held a 34.08% market share—more than three times Ather’s 10.7%. Between April and December 2024, Ola sold 3.08 lakh vehicles, compared to Ather’s 1.08 lakh units.