Ola Electric Sells Over 37,000 Units in May 2024, Records 6.26℅ YoY Growth

Continuing to lead India's EV (electric vehicle) transition efforts in the two-wheeler segment, Ola Electric has stunned other original equipment manufacturers (OEMs) by delivering 37,191 units to customers in May 2024. According to the data available on the Vahan website, Ola registered a 6.26 per cent year-on-year growth last month over the same period last year (May 2023: 35,000+ units). Having an overwhelming lead over its rivals (TVS, Ather, Bajaj), Ola holds a 49 per cent market share in the segment as of May 2024. 

This comes on the back of Ola Electric's strong product lineup, which comprises the S1 Pro, the S1 Air, and the S1 X. The S1 X is the entry point to the Ola family. 'We recently commenced the deliveries of our mass-market S1 X portfolio, which addresses the high upfront cost of purchasing an EV, one of the biggest barriers to the adoption of EVs,' said Anshul Khandelwal, Chief Marketing Officer, Ola Electric Technologies.

Also Read: Ola Electric Three New Motorcycles Design Patent Leaked Ahead of India Launch

Ola S1 X: Price, Variants

The S1 X comes in three variants with different battery configurations: 2kWh, 3kWh, and 4kWh. Based on the company's cutting-edge Gen 2 EV platform, the Ola S1 X ranges from Rs 74,999 for the 2kWh variant to Rs 99,999 for the 4kWh variant. Between the two sits the mid-spec 3kWh variant costing Rs 89,999. All prices are ex-showroom. 

According to the International Data Corporation (IDC), the Ola S1 X yields varying ranges of 190km, 143km, and 95km for the 4kWh, 3kWh, and 2kWh variants, respectively. While the 3kWh and 4kWh variants can hit 90km/h, the range of the 2kWh variant stands at 85km/h. On offer are three riding modes with the scooter – Eco, Normal, and Sport. 

Also Read: Ola, Rapido, and Uber Bike Taxis May Become Legal in Delhi, Maharashtra

Ola also retails the S1 Air and S1 Pro scooters in its India lineup. The former is priced at Rs 1.05 lakh, while the latter can be had at Rs 1.30 lakh. Both prices are ex-showroom, India.