Ola Electric Launches Biggest Festive Season Sale, Offers S1 Electric Scooters Starting at Rs 49,999 - Complete Details Inside!

With six models in its S1 portfolio and competitive pricing starting from Rs 49,999, Ola is positioned to attract a wide range of customers during this festive season.

Ola Electric, India’s largest electric vehicle manufacturer, has unveiled its BOSS (Biggest Ola Season Sale) campaign for the festive season. Under this offer, customers can purchase the Ola S1 X 2kWh scooter for as low as Rs 49,999, with additional festive benefits worth up to Rs 40,000.

Key highlights of the BOSS campaign include:

• Discounts: Up to Rs 25,000 off on the S1 portfolio.
• Warranty: Free 8-year/80,000 km battery warranty worth Rs 7,000.
• Finance Offer: Discounts up to Rs 5,000 on select credit card EMIs.
• Exclusive Benefits: Free MoveOS+ upgrade, Hypercharging credits, and more.

Bhavish Aggarwal, Chairman and MD of Ola Electric, emphasized the company’s commitment to making electric vehicles (EVs) more accessible, saying, "BOSS is our biggest festive offering yet, aimed at accelerating EV adoption across the country.”

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Ola Electric, which recently launched its Roadster motorcycle series, continues to expand its network. It plans to increase sales and service centers to 1,000 by December and grow to 10,000 by 2025, along with training 1 lakh third-party mechanics to support EV maintenance.

With six models in its S1 portfolio and competitive pricing starting from Rs 49,999, Ola is positioned to attract a wide range of customers during this festive season.

Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and core components for them. These components include battery packs, motors, and vehicle frames, all produced at the Ola Futurefactory.

Today, the shares of Ola Electric are at around Rs 96.70 per share on the BSE. The company’s current market capitalization stands at Rs 42,652 crore. Additionally, the shares have delivered an impressive return of over 26 per cent compared to the final IPO price of Rs 76 each.

As per the Quarterly Results, in the Q1 FY25, Ola Electric recorded a revenue of Rs 1644 crore compared to Rs 1243 crore. The operating loss stood at Rs 205 crore. The net loss stood at Rs 347 crore compared to a profit of Rs 267 crore. Looking at the annual performance, the company generated a revenue of Rs 5010 crore in FY24. The operating loss for FY24 was Rs 1266 crore with a net loss of Rs 1584 crore compared to a net loss of Rs 1472 crore in FY23.

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Disclaimer: The article is for informational purposes only and not investment advice.