Ola Electric Drops Prices Of Its Scooters By Up To Rs. 25,000

ola s1X

Ola S1X+, S1 Air and S1 Pro prices have been reduced by up to Rs. 25,000 and the offer is valid only this month

Ola Electric’s Chief Executive Officer, Bhavish Aggarwal, took to X, formerly Twitter, to announce a massive price drop of its electric scooters as part of the Valentine’s Day celebration. The prices of the Ola S1X+, S1 Air and S1 Pro have been significantly reduced, making them more attractive than ever and the new prices will be valid throughout this month.

The Bengaluru-based brand has been taking advantage of the festivities and brought in new offers and attractive financial and other schemes to lure in customers. It is safe to say that the strategy has worked wonders as Ola endured a huge leap in sales in the 2023 festive season and ended the calendar year with over 2.65 lakh registrations in India.

Ola became the only electric two-wheeler manufacturer to achieve such a feat locally and is aiming to further increase its volumes in 2024. With a price drop of up to Rs. 25,000, the Ola S1X+ now costs Rs. 84,999 as opposed to its regular price of Rs. 1,09,999. The S1 Air is priced at Rs. 1,04,999 this month and the flagship S1 Pro at Rs. 1,29,999 (all prices, ex-showroom).

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Last month, Ola announced new offers worth up to Rs. 15,000 to celebrate the onset of harvest festivities across India which included a free extended battery warranty worth up to Rs. 6,999 and an exchange bonus of up to Rs. 3,000. Earlier this month, Ola launched the 4 kWh version of the S1X for a price tag of Rs. 1.10 lakh with a claimed range of 190 km.

In December 2023, Ola reached a significant milestone by producing a total of four lakh scooters within a mere twenty-four months. Ola offers an industry-first extended battery warranty of eight years or up to 80,000 km across its product portfolio as well.

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In addition to achieving a record tally of 2.65 lakh, Ola also reached its highest monthly volume in December 2023, with 30,219 units registered. The company experienced a quarter-on-quarter growth of 48 per cent, with 83,963 registrations during the third quarter of the financial year, and an impressive year-on-year growth of 68 per cent.