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.
Ola Electric is not the only player slashing prices. Rival firm Ather Energy had reduced the price of its entry-level model, the 450S, in January to expand its customer base in the competitive market.
Covered By: Mobility India / Ola Electric
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