Starting at a price of Rs 99,999, which includes FAME II subsidies but omits state-level subsidies, and going up to Rs 1.29,999 for the Pro model, Ola said he would start. to authorize buyers to buy its vehicles from September 8, with the first deliveries starting in October in 1,000 towns and villages in India.
Ola, who will manufacture the vehicles at its Krishnagiri plant in Tamil Nadu, said it will soon have a production capacity of one million vehicles and is confident it can fulfill pre-orders for its electric scooter models in the near future. over the next few months. Ola said she received more than a lakh of pre-reservations for her scooter in the first 24 hours after reservations opened to the public.
“The S1 and S1 Pro are industry-leading products with best-in-class range, speed and cost,” said Bhavish Aggarwal, founder and CEO of Ola. “We have seen a demand for this vehicle from everywhere, and of course also from big cities, because the scooter is a product of urban mobility. ”
– Bhavish Aggarwal (@bhash) 1629016813000
The top of the range Ola S1 Pro will have a 3.97 kilowatt-hour (KwH) battery with a range of 181 kilometers and a top speed of 115 kilometers per hour. While Aggarwal said buyers can expect 85% of this range in real life conditions, he added that it was still twice what competitors in the market were offering today.
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The cheaper S1 gets a smaller 2.98 kWh battery, which is even larger than that offered in the Ather 450X, Bajaj Chetak or TVS iQube scooters, which will give the S1 a range of 121 kilometers, while its speed of peak will be limited to a 90 km / h.
Ola will also roll out a home service network in every city where it sells its electric vehicles and said buyers can expect a 40% lower total cost of ownership for its electric vehicles compared to gasoline scooters on the market. market today.
The company‘s scooters will also come with plenty of futuristic features like keyless lock / unlock, different modes and profiles for different riders, and even allow riders to set moods that will change the sound and display graphics. Both models will also benefit from a reverse mode and hill-hold assistance.
“Only around 160 million people in India own a two-wheeler today and this will increase dramatically. While we need our people to have mobility solutions, we can’t let that be gasoline vehicles. The only way out is to accelerate this electric journey and that is the vision with which we started Ola Electric, ”said Aggarwal.
Aggarwal, who has also taken on giants such as Tesla and Hyundai at the request of the Indian government to reduce import tariffs on electric vehicles, saying it would hurt the development of India’s own electric vehicle manufacturing plans, also said that India should consider switching to 100% electric two-wheelers by 2025, with the country having the capacity to capture 50% of global two-wheeler demand by then.
He added that “the market is ready, the consumer is ready, it’s just that companies are not ready” when it comes to offering electric vehicles and Ola was looking to accelerate that by launching competitive products. globally in the sector. He also said that Ola would make a profit sooner than everyone expects from her electric vehicle manufacturing business.