Republic Day Ongoing Offer 2024: Ola Electric Brings Offer Worth INR 25,000 on S1 Range

Published On: 29 January 2024
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For the S1 Air and S1 Pro, Ola Electric is offering an exchange bonus of up to INR 2,000 and a 50% discount on the extended warranty.

India celebrated its 75th Republic Day on 26th January, 2024, and Ola Electric is joining the festivities by having launched the special offers worth INR 25,000. The exclusive deals will be valid on the entire range of electric scooters offered by the company through January 31, 2024. Republic Day promotions from Ola Electric include a 50% discount on the extended warranty and an exchange bonus of up to INR 2,000 for the S1 Air and S1 Pro models.

In addition, Ola Electric reports that customers can receive savings of up to INR5,000 on specific credit vehicle equalization measures (EMIs). The company also provides a range of financing options, such as 0% down payment, 0% processing fee, and interest rates as low as 7.99%. In addition, the Ola S1 X+ will continue to retail for INR 89,999 (ex-showroom) and will maintain the INR 20,000 discount that was initially announced in December of last year.

There are five models in the Ola Electric lineup, all at varying price points. The second-generation S1 platform, which includes the S1 X (2 kWh), S1 X (3 kWh), S1 X+, S1 Air, and S1 Pro, serves as the foundation for all electric scooters. Reservations for the entry-level S1 X are still available for INR 999, but sales have not yet started. Prices for the Ola e-scooter range start at INR 89,999 and go up to INR 1.47 lakh (ex-showroom).

Ola Electric also disclosed that, in honor of the 75th Republic Day, it organized the "Ola Unity Heritage Ride," in which participants rode to the closest historical site in any of 26 cities around the nation. In related news, Ola Electric was just approved as the first electric vehicle manufacturer under the PLI program. Additionally, the business has submitted a draft red herring prospectus in preparation for an IPO.