Ola Electric, India’s largest electric vehicle company, has reduced the prices across its S1 scooter portfolio by up to Rs 25,000. These prices are valid only for the month of February, W.E.F 16th Feb, 2024. These subsidized prices will be applicable on Ola S1 Pro, Ola S1 Air, and Ola S1 X+ 3kwh. On the other hand, there’s no subsidy on Ola S1 X 4 kwh, Ola S1 X 3 kwh and Ola S1 X 2kwh.
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Ola Electric: Revised Pricing
Ola S1 Pro: Rs 1,29,999
Ola S1 Air: Rs 119,999
Ola S1 X (4kWh): Rs 109,999
Ola S1 X+ (3kWh): Rs 109,999
Ola S1 X (3kWh): Rs 89,999
Ola S1 X (2kWh): Rs 79,999
Ola Electric has recently announced a series of initiatives spanning across products, service, charging network and battery warranty in an effort to increase the adoption of EVs. With the launch of S1 X (4kWh), Ola Electric expanded its portfolio to six electric scooters ranging across different price points and catering to customers with different range requirements.
The company also launched the industry’s first 8 year/80,000 km extended battery warranty for the entire range of electric scooters at no extra cost. Additionally, Ola Electric also unveiled the plans to expand its service network by 50% from the current 414 service centres to ~600 centres across the country by April 2024.
Recently, Ola Electric was awarded as the first Indian 2W company to receive Domestic Value Addition (DVA) certificate under Production Linked Incentive (PLI) Scheme for automobile and auto component industry. The PLI certification will help the company restructure costs and hence reduce prices of scooters across S1 portfolio making them more affordable and accessible.
Ola spokesperson said, “At Ola, we are committed to #EndICEAge by breaking all barriers to EV adoption and making EVs more affordable and accessible. Aligned with our mission to push EV adoption across the country, we are introducing unprecedented prices across our S1 portfolio. On the back of a strong vertically integrated in-house technology and manufacturing capabilities, we have been able to restructure costs and decided to pass on the benefits to customers. Priced equivalently to leading ICE scooters, we are confident that customers will now have no reason to buy an ICE scooter.”