IPO-bound Ola Electrical on Monday lowered the costs of its S1 X vary of scooters, as it really works to increase its dominance over the electrical two-wheeler market.

The worth of the 4 kilowatt hour (kWh) variant of the S1 X has been lowered from Rs 1,09,999 earlier to Rs 99,999 now, whereas that of the three kWh model has been lower from Rs 89,999 earlier to Rs 84,999 now.

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The agency additionally slashed the worth of the two kWh model of the scooter from Rs 79,999 to Rs 69,999. The autos would begin seeing deliveries subsequent week, it added.

The discount comes simply over every week after rival Ather Power launched a brand new vary of scooters referred to as Rizta, centered on the household market, with costs beginning at Rs 1.09 lakh. The Rizta is available in 2.9 kWh and three.7 kWh variations.

In March, Ola Electrical noticed its highest ever month-to-month gross sales with 53,184 registrations, in line with the federal government’s transport portal Vahan. In FY24, Ola was the biggest participant available in the market with a 35% share, adopted by TVS Motors at 19% and Bajaj Auto at 12%.

In February, when launching the 4 kWh model of the S1 X, Ola had introduced a slew of steps to assist enhance automobile gross sales, together with extending the guarantee on all scooters to eight years, in addition to the enlargement of its fast-charging and repair centre networks.

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The push from Ola additionally comes as the federal government withdrew FAME-II subsidies on the finish of March, shifting on to the Rs 500-crore Electrical Mobility Promotion Scheme (EMPS), 2024. On April 4, ET reported that Ather, Hero Motocorp, Bajaj Auto, TVS, Ola Electrical and Kinetic Inexperienced had obtained approvals to assert the subsidy.


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