Ola Electric Mobility Limited — Important, 31-01-2025: Product launch

Ola Electric has launched its Gen 3 S1 portfolio, elevating its offerings with eight new electric scooters across mass and premium segments. Pricing starts at ₹79,999 for the S1 X (2kWh) and reaches ₹1,69,999 for the flagship S1 Pro+ (5.3kWh). The Gen 3 platform boasts a 20% increase in peak power, a reduction in costs by 11%, and improved range by 20% compared to Gen 2. Deliveries will begin mid-February, creating potential optimism among investors for growth in a rapidly expanding EV market. The innovative features may enhance consumer appeal and strengthen market positioning.