Shares of Ola Electrical Mobility Ltd shot up 14% on Friday, 31 January, after the corporate introduced the launching of 8 new scooters throughout the mass and premium segments, extending its S1 portfolio with Gen 3 options.
Ola Electrical introduced that its Gen 3 platform presents a 20% enhance in peak energy, an 11% discount in price, and a 20% enhance in vary in comparison with earlier generations.
The corporate regained its place because the market chief in India’s electrical two-wheeler (EV 2W) phase, securing a 25% market share in January 2025. Ola registered 22,656 automobiles, marking a 65% month-on-month progress, based on Vahan knowledge.
In December 2024, Bajaj Auto had briefly overtaken Ola Electrical, capturing a 25% market share, whereas Ola’s share dropped to 19% from 24% in November, reflecting a 5% decline.
Ola Electrical additionally launched its newest Gen 3 S1 Professional+, which has 5.3kWh and 4kWh battery choices, whereas the S1 Professional comes with 4kWh and 3kWh battery selections.
Moreover, the Gen 3 S1 X has been launched in 4 variants, together with the S1 X+ (4kWh) and S1 X with 4kWh, 3kWh, and 2kWh battery choices.
The Gen 3 sequence begins at an introductory worth of Rs 79,999 for the S1 X (2kWh) and goes as much as Rs 1,69,999 for the S1 Professional+ 5.3kWh, which options the 4680 Bharat Cell. Deliveries for the brand new Gen 3 fashions will start in mid-February 2025.
Bhavish Aggarwal, Chairman & Managing Director of Ola Electrical, stated, “In the present day, with Gen 3, we’re taking the EV 2W trade to the ‘Subsequent Degree’. Gen 3 is bringing unmatched efficiency, superior effectivity and reinventing benchmarks we set for ourselves, and which can change the trade once more.”
Ola Electrical’s flagship Gen 3 S1 Professional+ (5.3kWh), that includes the 4680 Bharat Cell, is priced at Rs 1,69,999, whereas the 4kWh variant is obtainable for Rs 1,54,999. The S1 Professional presents 4kWh and 3kWh battery choices, priced at Rs 1,34,999 and Rs 1,14,999, respectively.
The S1 X sequence begins at Rs 79,999 for the 2kWh mannequin, adopted by Rs 89,999 for the 3kWh model and Rs 99,999 for the 4kWh variant. In the meantime, the S1 X+ (4kWh) is priced at Rs 1,07,999.
Alongside the Gen 3 launch, Ola Electrical has introduced reductions of as much as Rs 35,000 on its Gen 2 scooters. The revised pricing for the Gen 2 lineup consists of the S1 Professional at Rs 1,14,999, whereas the S1 X variants at the moment are obtainable at Rs 69,999 (2kWh), Rs 79,999 (3kWh), and Rs 89,999 (4kWh).
At 3:30 pm, the shares of Ola Electrical closed 11.99% larger at Rs 74.80 on NSE.
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