Ola S1 EV range available with massive discount of ₹35,000
Ola Electric, a leading Indian electric two-wheeler manufacturer, has announced significant price reductions on its S1 range of electric scooters. The discount will be effective from October 3 and is subject to stock availability. The company's Ola S1X model, originally priced at ₹84,999 (ex-showroom), will now be available for ₹49,999 (ex-showroom) after a substantial discount of ₹35,000.
Other models in S1 range also receive discounts
In addition to the Ola S1X, other models in the S1 range are also receiving discounts of ₹10,000 along with extra benefits worth ₹21,000. These additional benefits include an exchange bonus of up to ₹5,000, over 140 MoveOS features valued at ₹6,000, an eight-year battery warranty costing ₹7,000 and hypercharging credit worth ₹3,000.
Ola Electric introduces referral bonus scheme
Ola Electric is also introducing a referral bonus scheme for customers. Under this scheme, customers can earn ₹3,000 per referral and an additional ₹2,000 off on S1 per referee. However, this referral bonus on the S1 is only limited to five referrals. The top 100 referring community members stand a chance to win rewards of up to ₹11,11,111 from October 2-31.
Ola Electric's sales performance and market competition
Data from the Vahan portal of the central government revealed that Ola Electric had sold 23,965 electric scooter units in September. This marks the second consecutive month of declining month-on-month sales for the company. In contrast, Bajaj Auto reported sales of 18,933 units of its e-Chetak last month while TVS also saw a monthly increase by selling 17,865 units of its iQube. These figures indicate a tightening competition in India's electric two-wheeler market.
