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Ola S1X — A Budget Alternative For Petrol Scooters? To Offer 100 Km Range & Priced Below Rs 1 Lakh

Looking for a budget-friendly alternative to petrol-powered scooters? Ola is coming up with its new S1X model — Check Features

The new Ola S1 Air might be the most affordable electric scooter within the S1 range, but there would be another addition below this price point. The S1X would be priced below the S1 Air and would be given a sub-1 lakh price range. The range of this upcoming electric scooter would be around 100 km. It is aimed at those who want a budget alternative to petrol-powered scooters. The range on offer would be less than the Air or the Pro but still enough to do short journeys.

It will be unveiled on Independence Day and would be having some cost-cutting in terms of design plus features. The digital display for example would be more basic but expect it to get features like Bluetooth and navigation. Hence, the upcoming affordable Ola scooter would be a bare-bones design while the highlight would be its price which would enable it to compete with petrol scooters head-on.

This move is in line with Ola Electric extending its range and reach along with a more mass market appeal with the S1X. For the month of June, Ola Electric sold 17,579 units while products like these will further increase sales.

ALSO READ | Maruti Suzuki Q1 Result: Net Profit Jumps Over Twofold To Rs 2,525 Crore, Net Sales At Rs 32,338 Crore

The electric scooter segment has increased in demand and also with new entrants, their sales continue to grow as fuel prices pinch while electric scooters pose a more budget-friendly solution. Ola Electric has also recorded a loss of more than 1,100 crore in 2022-23 while missing its revenue goals.

ALSO READ | Singapore's Temasek To Invest Rs 1,200 Crore In M&M's EV Business, Acquire Nearly 3 Per Cent Stake

Ola is competing with the likes of Ather, Hero Electric and others in the increasingly competitive electric scooter space.

ALSO READ | Toyota Vellfire: Most Expensive MPV Launched In India For Rs 1.2 Crore

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