Only the S1 Pro, S1 Air and S1 X+ (3kWh) models prices have been reduced.
Indian EV scooter manufacturer, Ola Electric, has announced a price reduction for the S1 scooter lineup by up to Rs 25,000. The company has stated that the price drop is due to various factors that include “vertically integrated in-house technology and eligibility for manufacturing incentives.” However, these prices are applicable for a limited time only, just for the month of Feburary.
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 nationawide total of 414 service centres to approximately 600 centres by April 2024.
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