Ola Electric Offers Massive Discounts of INR 25,000 on S1 Portfolio

New Delhi: Ola Electric offers significant discounts up to INR 25,000 on the S1 scooter lineup throughout March. The company seeks to drive the adoption of electric vehicles and overcome barriers hindering their widespread use in India. This price reduction is made possible by Ola Electric’s efficient cost structure, integrated technology, and manufacturing capabilities, along with eligibility for manufacturing incentives. Take advantage of this opportunity as the FAME scheme is expected to conclude on March 31, 2024, potentially leading to changes in EV prices.

As of March, the prices for the Ola Electric scooter variants remain unchanged. The current prices are as follows: – S1 Pro: INR 1,29,999 – S1 Air: INR 104,999 – S1 X (4kWh): INR 109,999 – S1 X+ (3kWh): INR 84,999 – S1 X (3kWh): INR 89,999 – S1 X (2kWh): INR 79,999

The Ola S1 scooters present a compelling value proposition, surpassing traditional internal combustion engine (ICE) vehicles in terms of performance and cost-effectiveness. With potential annual savings of up to INR 30,000, they establish themselves as the superior choice in the scooter market.

Ola Electric recently achieved a significant milestone by becoming the first Indian two-wheeler company to receive the Domestic Value Addition (DVA) certificate under the Production Linked Incentive (PLI) Scheme for the automobile and auto component industry. This certification underscores the company’s vertically integrated manufacturing capabilities, which, together with a robust localized supply chain ecosystem and government subsidies, enable Ola Electric to optimize costs.

To promote EV adoption further, Ola Electric has introduced several initiatives, spanning across products, service, charging network, and battery warranty. The recent addition of the S1 X (4kWh) model expands Ola Electric’s product portfolio to six exceptional offerings, catering to diverse range requirements and price points.

Addressing a crucial concern for EV buyers, Ola Electric pioneers an industry-first 8-year/80,000 km extended battery warranty across its entire product range at no extra cost. This move effectively doubles the lifespan of the vehicles compared to ICE counterparts, reducing one of the key barriers to EV adoption.

Moreover, Ola Electric plans to extend its service network by 50%, expanding from the current 414 service centers to approximately 600 centers nationwide by April 2024, ensuring a robust and convenient post-purchase support system for customers.