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Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged
Economic Times
·
9m ago
Medial
Ola Electric has clarified that it has not changed the price of its most affordable scooter, the Ola S1 X 2 KWh. The company is running a limited-time festive campaign offering a discount of Rs 5,000 to all customers and a higher discount of Rs 25,000 to a few customers with limited inventories. However, the Automotive Research Association of India (ARAI) raised concerns about Ola Electric's failure to inform the agency of a price reduction before initiating its BOSS sale. This could affect the scooter's eligibility for government subsidies, impacting Ola Electric's position in the EV market.
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Ola Electric slashes S1 X scooter prices
Economic Times
·
1y ago
Medial
Ola Electric has reduced the prices of its S1 X range of scooters in a bid to strengthen its position in the electric two-wheeler market. The 4 kWh variant of the S1 X is now priced at Rs 99,999, down from Rs 1,09,999, while the 3 kWh version is now priced at Rs 84,999, down from Rs 89,999. Ola Electric also reduced the price of the 2 kWh version of the scooter from Rs 79,999 to Rs 69,999. Deliveries of the vehicles are set to begin next week. Ola Electric's move comes shortly after rival Ather Energy launched its own scooter range, Rizta, with prices starting at Rs 1.09 lakh.
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Ola Electric rolls out lower prices of S1 X range to challenge Ather’s Rizta
Thehindubusinessline
·
1y ago
Medial
Ola Electric, the IPO-bound electric vehicle manufacturer, has reduced the prices of its S1 X portfolio scooter range by up to INR 10,000. The S1 X (2kWh) is now priced at INR 69,999, while the 3kWh and 4kWh variants will cost INR 84,999 and INR 99,999 respectively. The company has also announced revised prices for S1 Pro, S1 Air, and S1 X+ models. Ola Electric achieved its highest-ever monthly sales in March with 53,184 registrations. The company also offers an extended battery warranty and add-on warranty for its products. Additionally, it has introduced a portable fast charger accessory priced at INR 29,999. Ola Electric plans to establish an EV hub in Tamil Nadu.
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Ola Electric shares slip 3% amid regulatory scrutiny over 'BOSS' sale discounts
Economic Times
·
9m ago
Medial
Ola Electric Mobility, an electric vehicle manufacturer, has faced a 3% drop in its stock as it undergoes regulatory scrutiny from the Automotive Research Association of India (ARAI). The ARAI has raised concerns about Ola Electric's failure to inform them of a price reduction for its S1 X 2 kilowatt-hour model before launching its "BOSS" sale. This oversight may affect the model's eligibility for government subsidies and impact Ola Electric's position in the competitive EV market. Shares of Ola Electric have declined by 21.4% in the last month and 12% in the last 2 weeks.
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Ola Electric starts deliveries for S1 Gen 3 scooter portfolio
Economic Times
·
4m ago
Medial
Ola Electric has commenced deliveries for its S1 Gen 3 scooter portfolio across India. The range starts at Rs 79,999 for the S1 X (2kWh) and goes up to Rs 1,69,999 for the S1 Pro+ 5.3kWh. Deliveries are made through Ola's network of stores and direct home delivery services. The S1 Gen 3 scooters boast superior performance, enhanced safety features, and improved efficiency, according to an Ola spokesperson.
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Ola Electric begins deliveries of S1 X scooter, offers 3 battery configurations
Livemint
·
1y ago
Medial
Ola Electric has started delivering its budget-friendly electric scooter, the S1 X, in India. The scooter comes in three battery configurations - 2 kW, 3 kW, and 4 kW - priced at ₹69,999, ₹84,999, and ₹99,999, respectively. The 2 kW variant has a range of 91 km, while the 3 kW model can travel up to 151 km and the 4 kW option offers a range of 190 km. The scooter features a 3.5-inch LCD screen and offers three riding modes with top speeds ranging from 85 kmph to 90 kmph.
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Ola Electric captures over 52 per cent market share
Thehindubusinessline
·
1y ago
Medial
Ola Electric has captured a significant 52% market share in the electric two-wheeler segment in April 2024. The company registered 34,000 new vehicle registrations during the month, with a year-on-year growth of 54%. Recently, Ola Electric introduced new pricing for its S1 X scooter portfolio, offering three battery configurations at different price points. The company also offers an extended eight-year/80,000 km battery warranty to encourage EV adoption. Ola Electric aims to further expand its presence in the mass-market 2W EV segment with the impending deliveries of its S1 X portfolio.
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Aftermarket parts used in the scooter led to a short circuit: Ola Electric on Pune fire incident
Economic Times
·
1y ago
Medial
Ola Electric has revealed that aftermarket parts used in an Ola S1 scooter caused a short circuit that led to the vehicle catching fire in Pune. The company confirmed that the battery was unaffected and the customer was unharmed. This is the second incident of an Ola electric scooter catching fire in Pune, with a previous incident occurring in March 2022. Another user also reported a similar fire accident with an Ola S1 Pro scooter.
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Ola Electric Secures PLI Certification For Second Scooter
Inc42
·
1y ago
Medial
Ola Electric has received certification for its second scooter, the S1 Pro (Gen-2), under the production-linked incentive (PLI) scheme. This comes after the company received the same certification for its S1 Air scooter, making it the first Indian electric two-wheeler company eligible for the PLI scheme. The scheme allows Ola Electric to receive incentives for up to five years, ranging between 13% and 18% of the determined sales value of the products. The certification will be effective from fiscal 2023-24. Ola Electric has filed for an IPO worth INR 7,250 crore and plans to use the proceeds for expansion and research and development.
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Bhavish Aggarwal announces launch of Ola electric bike, says ‘it is going to be much bigger than…’: Watch video | Mint
Livemint
·
6m ago
Medial
Bhavish Aggarwal announced the launch of Ola electric bikes, set for February 5, alongside a video and photos of the bike. Ola Electric has seen significant growth, reclaiming market leadership in electric two-wheelers with 22,656 registrations in January, driven by its S1 portfolio and an expanded sales and service network. Ola also launched eight new scooter models under the S1 brand, priced from ₹79,999 to ₹1,69,999, enhancing performance and reliability.
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MHI seeks inputs from ARAI on complaints against Ola Electric
YourStory
·
10m ago
Medial
- Ministry of Heavy Industries directs ARAI to provide inputs on consumer complaints against Ola Electric - Ola Electric is a beneficiary of FAME II and PM E-DRIVE schemes - Show cause notice issued to Ola Electric for alleged violation of consumer rights and unfair trade practices - OEMs under FAME II and PM E-DRIVE schemes are required to maintain service centers and provide warranties - Ola Electric has 15 days to respond to the show cause notice - The notice does not impact Ola Electric's financials or operations, and no penalties or fines are imposed
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