Ola Electric, India's largest electric vehicle company, has announced a significant reduction in the prices of its S1 scooter portfolio. The move is part of the company's efforts to accelerate India's electrification and promote widespread adoption of electric vehicles. The reduced prices, which range from INR 79,999 to INR 1,47,499, are made possible by Ola's robust cost structure, vertically integrated in-house technology and manufacturing capabilities, and eligibility for manufacturing incentives. The aim is to break barriers to EV adoption and make electric scooters more accessible to a wider range of consumers. In addition to the price reduction, Ola Electric has introduced initiatives such as an extended battery warranty and plans to expand its service network [8ba4bc9d].
This announcement comes as Ola Electric recently filed a draft red herring prospectus for an initial public offering (IPO). The company is planning to raise $1 billion through the IPO, which will further support its expansion and growth in the electric vehicle market [42b6ede4].
Harley-Davidson has also made an announcement regarding its motorcycles. The company has revealed the prices for its 2024 model year motorcycles, which consist of ten models. The new model range includes the Sportster series with three models: the Nighster, Nighster Special, and Sportster S, priced at INR 13.40 lakh, INR 14.10 lakh, and INR 16.50 lakh ex-showroom respectively. The cruiser range consists of the Fatbob 114, Fatboy 117, Heritage 117, and Breakout 117 models, priced at INR 21.50 lakh, INR 25.70 lakh, INR 27.20 lakh, and INR 31 lakh ex-showroom respectively. The adventure touring Pan America is now introduced in the more premium Special series, priced at INR 24.64 lakh. The Street Glide and Road Glide models have been updated with small enhancements, including a larger 117 motor, improved aerodynamics, a new 12.3-inch TFT instrument cluster with connectivity, and increased rear suspension travel [a1401a57].
Vespa has launched the 946 Dragon limited edition scooter in India. The scooter is priced at more than the Kia Seltos. The Vespa 946 Dragon is a premium scooter with a unique dragon-inspired design. It is powered by a 125cc engine and comes with various features including LED lighting, digital instrument cluster, and ABS. The scooter is available in a limited quantity of 100 units. The launch of the Vespa 946 Dragon aims to cater to the premium scooter segment in India [fdae4724].