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Wednesday, October 5, 2022

Ola Electric Scooters Now For 50,000 Discount! How To Get The Govt Discount For Ola Electric Scooters

Ola Electric is all set to debut in the electric scooter market with its new electric scooter launch.

Rumours have suggested that it is named the Ola Series S, and it will be launched in August.

Ola Electric Scooter: Specifications and Prices

The EV will be sold online to buyers, as previously advertised. You can book your bike directly and have it shipped to your home. Approximately one lakh orders were received for the Ola Series S within 24 hours after bookings opened on July 15 (at a reservation fee of Rs 499 entirely refundable).

Matte Black, Pink, Sky Blue, white and more are expected to be available.

Also, Ola Electric has revealed that the scooter can be charged using a standard 5A plug or at one of its ‘Hypercharger’ charging stations, which will extend to over 100 cities and eventually cover over 400 cities.

There will be fixed batteries and a range of up to 150 kilometres on a full charge for the bike. There also are releases that under the FAME-II scheme, Ola’s electric scooter will also be eligible for a significant subsidy, more than Rs. 50,000.

Ola will offer two electric scooters: the Ola S1 and the more powerful Ola S1 Pro.

Ola’s Series S e-scooter is expected to have a reach of more than 100 kilometres. Ola Electric bikes are expected to cost between Rs 80,000 and Rs 1.1 lakh when released soon. In the Indian market today, the electric scooter has a battery capacity of around 3.6 kWh, which is among the highest in the scooter market.

Ola To Keep Price of Scooter Less Than Rs. 1.5 Lakh For Incentives

There is a feasibility that Ola will not be pricing the electric scooter at or more than Rs. 1.50 lakh, as electric scooters priced more than Rs 1.50 lakh (ex-factory) do not qualify for incentives.

Nevertheless, the FAME-II subsidy will ensure that the effective price for the end customer will be higher than Rs. 1 lakh even if the ex-showroom price is higher than the ex-factory price. This means that Ola will be able to keep the final cost of the bike below Rs. 1 lakh if the motorcycle price is less than Rs. 1.50 lakh.

The incentives, however, vary from state to state. For electric two-wheeler buyers, Delhi, Gujarat, and Maharashtra offer solid incentives. The Gujarat government announced its new electric vehicle (EV) policy on Tuesday, which might accelerate the adoption of EVs in the state. Gujarat will pay 870 crores in subsidies for two lakh electric vehicles over the next four years as part of its EV programme.

Maharashtra’s state government has announced that electric vehicles will receive a financial incentive ranging from Rs 10,000 to Rs 20 lakh.

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