Ola Electric has just announced that it has amassed more than 1 lakh bookings for its upcoming electric scooter.
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Price announcement expected this month
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Production capacity of two million units
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Variants expected to be called - S1 and S1 Pro
The company has managed to amass the reservations within the first 24 hours. Ola Electric claims that this makes it the most pre-booked scooter in the world. Even if the company manages to convert 50 percent of this figure into actual sales, it’ll still be significantly higher than the total electric two-wheeler sales in the first half of 2021 (29,288 units).
Ola Electric shouldn’t have trouble meeting the demand as its factory, which is said to create almost 10,000 jobs, will be the world’s largest scooter manufacturing facility and will initially have an annual capacity of 2 million units. Such levels of scale will allow the company to price the scooter aggressively, and Ola is targeting premium 125cc petrol powered scooters with the pricing. Speaking of the price, it’s expected to be announced this month.
Ola Electric scooter: S1 and S1 Pro variants
Interestingly, a government website has revealed that Ola Electric has registered model names in India. Going by the document, it appears that the electric scooter will be called the 'Series S'. The company has also registered ‘S1’ and ‘S1 Pro’, which will most likely be the names of the variants.
While much isn’t known about the differences between these two variants, it could be as small as the Pro variant featuring inbuilt network connectivity or even getting large changes like a more powerful motor or a larger battery. We expect to learn more in the coming weeks.
Azaman Chothia
Vishal Venugopal
