Cos take price-cut route to get more electric two-wheelers on road
Mumbai: Ola Electric last week cut the price of its entry-level scooter by ₹25,000. That brought down the price of the Ola S1X+, with a 3kwh electric motor, in line with that of the top-selling petrol-powered scooter, Honda’s Activa.
Steep price cuts and the launch of affordable models by companies like Ola Electric, Ather Energy and Bajaj Auto-owned Chetak Technology have helped narrow, or even bridge, the gap between the prices of battery-powered and petrol-run two-wheelers. Industry experts expect the increasing affordability to quicken the adoption of electric two-wheelers in India.
