Ola Electric slashed prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants on 15th April. The new S1 X was launched in February this year with a price range of Rs 79,999 to Rs 1,09,999 across three variants.

Ola Electric Chief Marketing Officer Anshul Khandelwal said the prices of the company's entry-level scooter have been reduced with immediate effect and deliveries would start next week.

After the reduction in prices, S1 X with 4kWh battery will now cost Rs 99,999, lower from Rs 1,09,999 earlier. Also, S1 X with 3kWh battery will cost at Rs 84,999 as compared to Rs 89,999 earlier. The S1 X 2kWh battery variant will be priced for Rs 69,999 (introductory price), as compared to Rs 79,999 earlier.

Last week competitor of Ola, Ather Energy announced a range of family electric scooter 'Rizta' whose price range is between Rs 1,09,999 lakh and Rs 1,44,999 (ex-showroom Bengaluru). To beat its rival prices OLA has also reduced prices of its electric scooter.

The company said the S1 X range comes with an 8-year/80,000 km complimentary battery warranty.

The entry-level electric scooter offers an IDC-certified range of 190 km, 143 km, and 95 km in 4 kWh, 3 kWh, and 2kWh variants, respectively. It has a top speed of 90 kmph in 4kWh and 3kWh variants, and 4.1 seconds and 85 kmph in the 2 kWh variant, Ola Electric said.

Ola Electric Chief Marketing Officer Anshul Khandelwal said electric scooter adoption in India as of March 31, 2024, stood at 25 per cent and 9 per cent in the overall electric two-wheeler market, adding the "future is truly electric".