Indian EV scooter manufacturer Ola Electric has announced a price reduction of up to Rs 25,000 for the S1 scooter line-up. However, these prices are applicable for a limited time only, just for the month of February.
Ola Electric February 2024 price cut
Only the S1 Pro, S1 Air and S1 X+ (3kWh) models have reduced prices. In December 2023, the EV maker announced a price cut of Rs 20,000 for the S1 X+ model, reducing its price from the original Rs 99,999 to Rs 89,999. Now, the price has been further reduced to Rs 84,999, offering a discount of Rs 25,000.
An Ola Electric spokesperson said, “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.”
Earlier this month, Ola introduced a new 8-year/80,000 km extended battery warranty for its entire product range at no additional cost. Additionally, the company has plans to expand the service network by around 50 percent; which will take the current nationwide total of 414 service centres to approximately 600 centres by April 2024.
Suraj Sreekumar
Vishal Venugopal
Stephen Raj Antony
Dinshaw Magol
