The sales of Electric Vehicles (EV) are booming in the country. Electric scooter maker Ola Electric became the largest seller in the EV segment last month with sales of over 20,000 units. The company’s overall sales have grown by almost 60 percent on a month-on-month basis. The company says that the main reason for the increase in sales is the festive season.
Ola Electric recently claimed that it has registered a four-fold increase in sales during Navratri. The company said that it has sold one e-scooter per minute during this period. Country’s EV market It is expected to grow to around $150 billion by the end of this decade. Okinawa is the second largest EV seller after Ola Electric. Okinawa has sold 17,541 e-scooters in October. Hero MotoCorp recently entered the electric two-wheeler market with the VIDA V1. Hero MotoCorp is the country’s largest two-wheeler company Is.
Last month, Ola Electric launched the affordable price electric scooter Ola S1 Air. Its price has been kept less than the company’s already existing Ola S1 and Ola S1 Pro. The battery capacity of Ola S1 Air is 2.5 KWh and top speed is 85kmph. The company’s new electric scooter offers an ARAI range of 101km and a range of 100km under normal conditions.
The price of this electric scooter is Rs 84,999. This is the starting ex-showroom price. This includes FAME II subsidy. There is no state subsidy in this price. It will be available in Coral Glam, Jet Black, Liquid Silver, Neo Mint and Porcelain White color options. Like other e-scooters from the company, it has features like music, navigation and reverse mode. Ola Electric has also introduced a new version of its operating system Move OS. Ola S1 Air will run on this operating system. Ola Electric has prepared to sell electric scooters in the international market. The company’s S1 and S1 Pro scooters will be sold in Nepal. After this, the company can expand in Latin America, ASEAN and Europe.