Ola S1 X Price Reduced By Up To Rs 10,000; Check New Variant-Wise Prices

Ola S1 X Price Reduced: Ola Electric, a leading electric two-wheeler manufacturer in India, has reduced the price of their S1 X electric scooter. The Ola S1 X is available in three variants - 2 kWh, 3 kWh and 4 kWh. Starting price of the Ola S1 X now stands at Rs 69,999 (ex-showroom) as opposed to the earlier Rs 79,999 (ex-showroom), marking a reduction of Rs 4,000 to Rs 10,000 across all three variants. Bookings for the Ola S1 X under the new prices have been commenced on the official website of Ola Electric. Deliveries for the Ola S1 X with the new prices are set to begin next week.

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Ola S1 X New Variant-Wise Prices

This price revision is aimed at making electric scooters more accessible to consumers and encouraging the adoption of electric mobility in India. The Ola S1 X electric scooter is offered in three variants based on battery capacity. The 2 kWh variant is now priced at Rs 69,999 (ex-showroom) instead of Rs 79,999 (ex-showroom), while the 3 kWh variant is priced at Rs 84,999 (ex-showroom) instead of Rs 89,999 (ex-showroom). The top-end Ola S1 X 4 kWh variant is available at Rs 99,999 (ex-showroom) instead of Rs 1,09,999 (ex-showroom).

The Ola S1 X is positioned as the most affordable model in Ola Electric's S1 lineup, which also includes the flagship S1 Pro, S1 Air, and S1X+. While these scooters have contributed significantly to the adoption of electric two-wheelers in India, Ola Electric is now eyeing a larger share of the rapidly growing market with their upcoming electric motorcycles. However, as per a report by Reuters, some analysts say the price cuts will hurt Ola. A Mumbai based analyst said, “Ola is already selling its higher variants of the S1 X range at a loss. Selling the base variant at a lower price is not feasible financially and this is not something they can do forever.”

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The company is currently working on four electric motorcycle models expected to debut in late 2024. These motorcycles have already been showcased as concepts and are currently in the development phase. Additionally, Ola Electric is also likely to venture into the electric car segment.