Ola Electric has reduced the prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants. The new prices are effective immediately and deliveries will start next week.
The S1 X with 4kWh battery will now cost Rs 99,999, down from Rs 1,09,999. The S1 X with 3kWh battery has been priced at Rs 84,999 instead of Rs 89,999 earlier. The S1 X 2kWh battery variant will cost Rs 69,999 (introductory price), reduced from Rs 79,999 earlier.
Ola Electric's announcement comes just over a week after rival Ather Energy introduced a range of family electric scooter 'Rizta' priced between Rs 1,09,999 lakh and Rs 1,44,999 (ex-showroom Bengaluru).
The company said the S1 X range marks its entry into the mass market segment. It comes with an 8-year/80,000 km complimentary battery warranty.
The entry-level electric scooter offers an IDC-certified range of 190 km, 143 km, and 95 km in 4 kWh, 3 kWh, and 2kWh variants, respectively. It has a top speed of 90 kmph in 4kWh and 3kWh variants, and 4.1 seconds and 85 kmph in the 2 kWh variant.
Ola Electric said electric scooter adoption in India as of March 31, 2024, stood at 25 per cent and 9 per cent in the overall electric two-wheeler market. The company believes the future is electric.