Ola S1 Updates

Thursday, 31 August 2023 03:47 AM

Ola Electric has announced that its new S1 series, launched on August 15, 2023, with pricing ranging from Rs 90,000 to Rs 150,000, has received a very strong market response. The refreshed and expanded S1 lineup has garnered more than 75,000 bookings within two weeks of the launch

Monday, 11 November 2024 12:55 PM Ola Electric is set to launch its first electric three-wheeler in the second half of 2025, utilizing the same S1 platform as its two-wheeler models for electronics, battery architecture, and powertrain. This move is part of the companys expansion into other vehicle categories. I believe this will be a significant step for Ola Electric, given the growing demand for electric vehicles in India.

Monday, 11 November 2024 11:26 PM Ola Electrics Q2 margins were affected by higher discounts, but the company remains positive about its outlook. The Gen 3 platform, rescheduled to January 2025, is expected to improve cost structure and save about 20% of costs compared to the Gen 2 platform. I think this new platform will be crucial in boosting Ola Electrics gross margins and overall profitability.

Monday, 11 November 2024 10:39 PM Ola Electric has started trial production of cells, with over 20,000 cells manufactured in the second quarter of this fiscal year. The company plans to use in-house cells in EV products starting from the first quarter of fiscal 2026. I believe this move towards vertical integration will enhance Ola Electrics competitiveness and reduce dependency on external suppliers.

Saturday, 09 November 2024 11:25 PM Ola Electric has announced plans to launch one new product every quarter and expand its company-owned store network to 2,000 by March 2025. The company is also introducing its Roadster motorcycle series, with deliveries starting in March 2025, and has reported a narrowed net loss and increased revenue in the latest quarter. I think this aggressive expansion strategy will help Ola Electric maintain its market leadership in the electric two-wheeler segment.

Thursday, 07 November 2024 11:49 PM Ola Electric is offering discounts up to Rs 15,000 on its S1 scooter range as part of the BOSS of All Savings initiative. This includes potential annual savings of up to Rs 30,000 due to lower running and maintenance costs compared to traditional petrol-powered scooters. I believe these discounts will attract more customers and help in increasing the adoption of electric scooters.