Ola Electric Raises Prices of Ola S1 Pro and Ola S1 Scooters Amid Stricter Government Norms


  • Ola Electric responds to FAME II subsidy changes: Prices of Ola S1 Pro and Ola S1 electric scooters hiked by Rs 15,000
  • Portfolio optimization: Ola Electric discontinues a variant from the Ola S1 lineup, streamlining its offerings
  • Industry-wide impact expected; other top EV manufacturers likely to follow suit

Following the Government of India’s stricter norms and reduction in subsidy amount to Rs 10,000 per kWh under the FAME II scheme, Ola Electric has raised the prices of its Ola S1 Pro and Ola S1 premium electric scooters. Alongside this price adjustment, the company has also streamlined its portfolio by discontinuing a variant from the Ola S1 line.

The Ola S1 now carries an ex-showroom price of Rs 1.3 lakh, while the Ola S1 Pro is priced at Rs 1.4 lakh, both experiencing a price hike of Rs 15,000. It is anticipated that other renowned EV original equipment manufacturers (OEMs) such as Ather Energy, Bajaj Auto, TVS, and Hero MotoCorp will also raise the prices of their electric vehicles in the near future.

Ola S1 and S1 Pro

Reason Behind the Price Hike

Ola Electric has implemented price hikes on the Ola S1 (3kWh) and Ola S1 Pro (4kWh) electric scooters due to the revised FAME II subsidy norms and reduced subsidy rates. The Ola S1, now priced at Rs 1.3 lakh (ex-showroom), and the Ola S1 Pro, priced at Rs 1.4 lakh (ex-showroom), have both seen an increase of Rs 15,000. However, it is unclear whether Ola Electric has entirely discontinued the recently introduced Ola S1 variant with a 2kWh battery pack, initially priced at Rs 99,999 (ex-showroom), as it is no longer listed on the website.

The price adjustments were prompted by the stricter FAME II subsidy regulations, which reduced the subsidy rates from Rs 15,000/kWh to Rs 10,000/kWh. Additionally, the total subsidy cap has been reduced from 40 percent to 15 percent of the EV’s total value. Ola Electric had previously indicated that the prices of their electric scooters would be relatively unaffected, thanks to their participation in the government’s PLI (Production-Linked Incentive) scheme and their focus on maximizing in-house production.

Notably, the prices of the entry-level Ola S1 Air affordable electric scooters have remained unchanged amidst these changes.