Ola Electric Slashes Prices on Cheapest E-Scooter to Boost Sales in India

India’s leading electric powered scooter producer, Ola Electric, announced great price cuts on Monday in a bid to enhance income following reduced authorities subsidies. The business enterprise’s most less expensive version of the S1X e-scooter sees the largest charge discount, losing a vast 12.Five%.

The rate of the bottom version of our S1X version has been slashed to Rs sixty nine,999 (approximately $839) from its preceding charge of Rs 79,999,” stated Anshul Khandelwal, Ola Electric’s advertising chief. Prices for different S1X editions have also been decreased, starting from 5.6% to nine.1%.

This flow comes after the Indian authorities unexpectedly decreased incentives for electric powered automobile purchases. Ola Electric, in conjunction with other EV producers, is seeking to keep its market position no matter the setback.

While nevertheless greater pricey than a few competition, Ola’s e-scooter stays a greater low cost choice compared to India’s top-promoting petrol scooter, the Honda Activa, which retails among Rs seventy eight,000 and eighty two,000.

Ola Electric is the biggest electric powered scooter maker in India, protecting a 35% marketplace proportion.

The organisation hopes those charge cuts will lure new clients to exchange to electric mobility.