Ola Electric prices slashed from February 16, 2024
Bangalore-based Ola Electric made a big announcement by slashing the prices of various models by up to Rs 25,000 due to cost structuring integrated in-house technology and eligibility of manufacturing incentives from various authorities.
Let’s understand the slashed prices of its various models
Name of Variant Old Price New Price
S1 X+ (3 kWh) Rs 1,09,999 Rs 84,999
S1 Air Rs 1,19,999 Rs 1,04,999
S1 Pro Rs 1, 47,499 Rs 1,29,999
These reduced prices are only valid till February 2024.
An Ola spokesperson told the media “At Ola, we are committed to make EV adoption affordable and convenient for everyone”. For faster adoption, they are reducing the price of various models by restructuring their costs and further passing the benefits to their customers. Recently Ola was in the news for their upcoming IPO. Currently Ola Electric offers six ranges of models with the launch of their new model S1 X.
Many rival firms such as Ather Energy, and Okaya EV have also reduced their EV prices to stand out in the market. Ola has become the first player to receive a Domestic Value Addition (DVA) certificate under a production-linked scheme.
Recently Tata Motors had also reduced the prices of their four-wheeler electric vehicles.
Taking to X, Ola Electric’s Chairman and MD said the offer is valid from February 16, 2024, to the end of the month.
In January also, Ola Electric rolled out a similar offer where they offered a 50 per cent discount on extended warranty and up to Rs 2,000 exchange bonus on the selected models.
Frequently Asked Questions (FAQs)
Ola electric slashed the prices of its various models including Ola S1 X+ (3KwH) by 25,000, Ola S1 Air by 15,000, Ola S1 Pro by 18,000.
The slashed prices of various models introduced by Ola Electric are valid from February 16, 2024 to end of the month.
Ola Electric price drop is announced by them on various models including Ola S1X, Ola S1 Air, Ola S1 Pro which is valid till the end of February.