Ola Electric slashes prices of three S1 models by up to Rs 25,000

IPO-bound Ola Electric has announced a reduction in prices of three models in its S1 scooter portfolio by up to Rs 25,000. The reduced prices are valid only for February

The electric vehicle company attributed this move to a robust cost structure, strong vertically integrated in-house technology, manufacturing capabilities, and eligibility for manufacturing incentives.

“On the back of a strong vertically integrated in-house technology and manufacturing capabilities, we have been able to restructure costs and decided to pass on the benefits to customers. Priced equivalently to leading ICE scooters, we are confident that customers will now have no reason to buy an ICE scooter.”