Ola Electric cuts prices of entry level e-scooter

New Delhi: Ola Electric on Monday slashed prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants, bringing it at par with conventional scooters. The new S1 X was launched in February this year with a price range of Rs 79,999 to Rs 1,09,999 across three variants. In a virtual address, Ola Electric Chief Marketing Officer Anshul Khandelwal said the prices of the company’s entry-level scooter have been reduced with immediate effect and deliveries would start next week. Under the new prices, S1 X with 4kWh battery will now cost Rs 99,999, down from Rs 1,09,999 announced earlier. Similarly, S1 X with 3kWh battery has been priced at Rs 84,999 instead of Rs 89,999 earlier. The S1 X 2kWh battery variant will cost Rs 69,999 (introductory price), reduced from Rs 79,999 earlier, he said. “We feel that India needs much more. India needs a price at which they (consumers) can truly adopt EVs,” Khandelwal said. An average scooter is priced at Rs 1 lakh, he said adding consumers have given feedback that they would think about electric scooters when prices are at the price of petrol scooters. “We thought why not do that. Let’s just ensure that we give you everything and much more than a petrol scooter,” he asserted.