Ola Electric S1 range prices slashed by Rs 25,000, details here

Ola Electric, the top manufacturer of electric two-wheelers in the nation, has reduced the cost of its S1 electric scooter series by up to Rs.25,000. The company sells S1 X+, S1 Air and S1 Pro.

The price drop comes after the reduction in battery cell pricing in international markets. About 40% of the price of an electric vehicle (EV) depends on the battery.

Industry analysts told India Today that battery cell prices may fall more in the future, resulting in significant price cut for EVs.

Bhavish Aggarwal, Founder and CEO of Ola Electric, took to X, formerly known as Twitter, and said, said: “You asked, we delivered! We are reducing our prices by up to Rs 25,000 starting today for the month of February for all of you! Breaking all barriers to #EndICEage.”

Check out the price update (ex-showroom) below: 

Model New Price Old Price Difference
Ola S1 X+ Rs 84,999 Rs 1,09,999 Rs 25,000
Ola S1 Air Rs 1,04,999 Rs 1,19,999 Rs 15,000
Ola S1 Pro Rs 1,29,999 Rs 1,47,499 Rs 17,500


Ola Electric first unveiled the S1 X model on August 15 last year along with four more electric bike variants set to be released by the end of 2024. When asked about the status of the electric motorcycles, Aggarwal just replied they will be available “soon”

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