Ola Electric Bags All-Time High Registration of 30,000 Units in November

Published On: 1 December 2023
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Ola recently expanded its electric scooter portfolio with the launch of the new S1X and S1 Air in the domestic market.

Ola Electric has declared that they have bagged their all-time peak registration of 30,000 units in the month of November. The company has recorded a MoM growth of 30 percent and a YoY growth of 82 percent. Ola Electric held a 35 percent market share in the electric scooter segment.

The Bengaluru-based startup has held its pole position for the last five quarters, beginning in September 2022. Ola recently enlarged its electric scooter portfolio with the launch of the new S1 X and S1 Air in the domestic market. The S1 Pro (second generation) is currently priced at INR 1,47,499, whereas the S1 Air is available at a price of INR 1,19,999. The S1 X, on the other hand, is available in three variants. The S1 X (2 kWh version) is priced at INR 89,999, and the S1 X (3 kWh version) costs INR 99,999, while the S1 X+ is available at a price of INR 1,09,999. All prices are initial and ex-showroom. When the booking window starts, buyers are required to pay INR 999 to bag the electric S1 X scooters.

The new Ola electric scooters are now based on the Gen2 platform. The platform comes with a safer battery set and a robust electric motor. The chassis is lighter, and the floorboard is flat. The multi-spoke wheels and single front fork are replaced by five-spoke alloy wheels and a conventional telescopic fork. The new Ola models also get new wiring, internals, a slimmer tail lamp, and a new grab rail.

The Chief Marketing Officer of Ola Electric, Mr. Anshul Khandelwal, stated that “the strong sales performance is a testament to the trust customers have in our brand and our strong production lineup. We have clearly emerged as our customers’ top choice, recording our highest ever registrations, and we expect the trend to continue in December, closing the year on a new high. We are steadfast in our commitment to accelerating India’s journey towards green mobility and inching closer to #EndICEAge in the scooter segment.”