Ola Electric’s CEO Bhavish Aggarwal has announced a significant price cut of up to Rs 25,000 on its select products, comprising S1 X+, S1 Air and S1 Pro. With these price cuts in place, the S1 Pro will now come for Rs 1.30 lakh, the S1 Air will cost you Rs 1.05 lakh, and the S1 X+ will be just Rs 85,000 (all prices ex-showroom).
It is worth noting that these prices are valid for bookings till Feb 29, 2024.
According to the company, they have successfully restructured costs by leveraging their vertically integrated in-house technology and manufacturing capabilities. Consequently, they have passed on the benefits to their customers.
Must Read: Ola S1 X Launched With 4kWh Battery At Rs 1.10 Lakh
In December 2023, the EV maker announced a price cut of Rs 20,000 for the S1 X+ model, reducing its price from the original Rs 99,999 to Rs 89,999. Now, the price has been further reduced to Rs 84,999, offering a total discount of Rs 25,000. Earlier, Ola also introduced a new 8-year/80,000 km extended battery warranty program for its entire product lineup at no additional cost. The company is also aiming to expand its service network in the country.
