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Ola Electric slashes prices of its S1 electric scooter range: Details

Mumbai: Leading electric two-wheeler manufacturer in India, Ola Electric, has slashed the prices of its S1 electric scooter range. The price is reduced by up to Rs 25,000. The company offers S1 X+, S1 Air and S1 Pro.

The price cut comes following the softening of battery cell prices in the international markets. A battery makes up nearly 40% of the cost of an electric vehicle (EV).

‘You asked, we delivered! We are reducing our prices by up to Rs 25,000 starting today for the month of February for all of you! Breaking all barriers to #EndICEage,’  Ola Electric Founder and CEO Bhavish Aggarwal said on X, formerly known as Twitter.

Also Read: Gulf country announces half-day holiday on February 22: Details 

Following are the updated prices (ex-showroom) of the Ola S1 range of electric scooters.

Model      New Price Old Price  Difference

Ola S1 X+      Rs 84,999       Rs 1,09,999    Rs 25,000

Ola S1 Air       Rs 1,04,999    Rs 1,19,999    Rs 15,000

Ola S1 Pro      Rs 1,29,999    Rs 1,47,499    Rs 17,500

Ola Electric’s retail sales increased 75.73% to 32,252 units in January 2024 from 18,353 units in the same month last year, according to data from the industry body Federation of Automobile Dealers Associations (FADA). The company sold 30,263 units in December 2023.


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