Ola announces price hikes for its electric scooters, to cost Rs 15k more
The country’s best-selling electric scooters, Ola S1 and S1 Pro, are set to become costlier as the company has increased prices by at least Rs 15,000, HT Auto reported. The price hike comes on the back of a reduction in FAME II subsidies to just 15 per cent starting this month.
The reduction in subsidies is expected to trigger a wave of price hikes in electric scooter prices across the industry.
Ola Electric’s official website showed the price of the Ola S1 scooter to be Rs 1.30 lakh (ex-showroom). The same product was available for Rs 1.15 lakh till May. The Ola S1 scooter comes with a 3kWh battery pack and can go about 141 km on a single charge.
