Ola CEO Bhavish Aggarwal has announced that there has been a significant increase in the sale of electric scooters during the festive season. In a statement on X (formerly Twitter), Aggarwal shared that Ola sold a scooter every 10 seconds, reflecting a remarkable growth rate of nearly 2.5 times compared to last year.
He said, “Our sales have gone through the roof this Dussehra and Navratri!” He attributed this success to the rising consumer interest in electric vehicles (EVs) and added, “India’s EV moment is here this festive season!”
Our sales have gone through the roof this Dussehra and Navratri! Selling a scooter every 10 seconds right now, and almost 2.5x of last year!😀
India’s EV moment is here this festive season!#endICEage— Bhavish Aggarwal (@bhash) October 24, 2023
During the festive season sale, Ola Electric introduced a number of offers and discounts to boost EV sales. These include exchange offers for old petrol-driven scooters, a 5-year battery promise and a Rs 7,500 instant discount on the Ola S1 purchase. Additional benefits comprise zero down payment, zero-cost EMI and zero processing fee.
Ola Electric has also updated its line-up with three new options earlier this year. These scooters come with different features, catering to tech-savvy Indian consumers.
S1 Pro: It’s the most expensive at Rs 1.47 Lakh. It can go 195 km on a single charge and reaches a top speed of 120 kmph, thanks to its 4 kWh battery.
S1 Air: This one costs Rs 1.19 Lakh. It has a 3 kWh battery, allowing it to cover 151 km and reach speeds of up to 90 kmph.
S1 X: This is the most affordable model at Rs 89,999. It can travel up to 151 km and has a top speed of 90 kmph. You can choose between 2 kWh and 3 kWh battery options.
India’s EV movement is defined by the government’s ambitious EV 2030 targets, aiming to convert 30 per cent of privately owned cars, 70 per cent of commercial vehicles and 80 per cent of two- and three-wheelers into electric alternatives.
Meanwhile, Ather Energy, a big competitor of Ola Electric in India, is offering discounts too. They have a Rs 5,000 discount on the Ather 450S. Additionally, if you exchange an older petrol-driven scooter, you can get a corporate benefit of Rs 1,500 and an exchange value of up to Rs 40,000 on both Ather 450S and Ather 450X.
(Edited by : Sudarsanan Mani)
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