Ola Electric Records 375% YoY Sales Growth in July, Leads the Segment with 40% Market Share

Ola Electric recently revealed that, compared to the same period in the previous year, its July 2023 sales increased by a staggering 375 per cent year over year (YoY). Vahan data indicates that Ola registered a 40 per cent market share last month, with sales of close to 19,000 units. 

By Reetika Bhatt | on August 4, 2023 Follow us on Autox Google News

The Bengaluru-based EV maker Ola Electric recently revealed that, compared to the same period in the previous year, its July 2023 sales increased by a staggering 375 per cent year-over-year (YoY). Vahan data indicates that Ola Electric registered a 40 per cent market share last month, with sales of close to 19,000 units. Ankush Aggarwal, Chief Business Officer, of Ola, commented on the recent sales performance of the company, stating, "Ola Electric has maintained its market position and remains steadfast in its commitment to making #EndICEAge a reality. With our revolutionary yet affordable S1 Air receiving an overwhelming response, we are well-positioned to accelerate India's EV penetration by driving mass market adoption in the scooter segment. As we enter August, we are excited about the deliveries of S1 Air and our much-awaited annual flagship event with many exciting announcements to come."

Also Read: Ola S1 Air Introductory Price of Rs 1.10 Lakh Extended till August 15, Tweets CEO Bhavish Aggarwal

Ola S1 Air Introductory Price Window Extended

Ola recently confirmed that in just a few days after the booking window for the S1 Air opened, it logged over 50,000 orders. The firm has now formally delayed the price increase for the S1 Air. When the e-scooter was first released, it was priced at Rs 1.10 lakh, and on July 31st, it was scheduled to undergo a price hike of Rs 10,000. However, the maker has opted to keep the same price point in place till August 15th. After that, the S1 Air will retail for Rs 1.20 lakh. All prices are ex-showroom. 

Ola S1 Air: Battery and Range

The entry-level model will be offered with a hub-mounted 4.5kW electric motor, dubbed the Ola Hyperdrive Motor, and a 3kWh battery pack. 11bhp of peak power and 58Nm of maximum torque are the current figures. According to Ola, the model can go at a top speed of 85 to 90km/h. Further, it takes 9.8 seconds for the scooter to sprint from 0 to 60km/h. The 3kWh version is expected to have a claimed range of 125-kilometre. The S1 Air needs roughly 4.5 hours to charge from 0 to 100 per cent.  

Ola S1 Air: Hardware and Colour Options

Hardware-wise, the electric variant will be suspended using dual rear shock absorbers and a conventional telescopic front fork. With CBS's assistance, drum brakes will handle the braking at both ends. The scooter will come with three riding modes: Sports, Normal, and Eco. It will also feature a grab rail and a flat floorboard.

The Ola S1 Air shares a similar design with the S1 and the S1 Pro. The scooter will be available with five different dual-tone body colour schemes in addition to the new Neon paint job: Coral Glam, Neo Mint, Porcelain White, Jet Black, and Liquid Silver. 

Also Read: Top 5 Fastest Electric Scooters in India: Ola S1 Pro, Simple One, Ather 450X, and More

Ola S1 Air: Features and Rivals

A 7.0-inch touchscreen display running the most recent version of MoveOS 3.0, twin projector LED headlights, and curved side panels are just a few of the features that the Ola S1 Air e-scooter will come equipped with. OTA updates, Bluetooth connectivity, sound playback, remote boot lock/unlock, GPS, reverse mode, side stand alert, and other features will also be available. The Ather 450S and the TVS iQube will be the market rivals of the Ola S1 Air in the Indian market.

Tags: Ola Ola Electric Sales Ola Sales Ola Electric Ola Electric July Sales

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