Ola Electric is up for the launch of its electric scooter and to be name as the Ola Series S in the month of August. Ola scooter will be sold online directly to buyers and delivered to their homes, and that it will have fix batteries and an expects range of up to 150 kilometres on a full charge.
Now news coming out that Ola’s electric scooter will also be eligible for a significant subsidy upwards of Rs 50,000 under the Centre’s FAME-II scheme.
Ola Electric FAME-II Subsidy
The Ola Series S e-scooter is base on the Appscooter developed by Dutch startup Etergo which was acquire by Ola Electric in 2020.
Ola Electric scooter has the banana-shape batteries as seen on the Appscooter and they are fixed, and not removable.
Ola e-scooter expect to be name as Ola S1 Pro and will have a battery capacity of close to 3.6 kWh which is among the highest capacities for any electric two-wheeler on sale in India today.
The FAME-II scheme which increasing the electric two-wheeler incentive to Rs 15,000 per kWh up from the erstwhile Rs 10,000 and double the subsidy limit to 40% of the two-wheeler’s price.
This means any e-two-wheeler with an ex-factory price of up to Rs 1.50 lakh can be eligible for a maximum FAME-II subsidy of Rs 60,000 if it has a 4 kWh battery.
Ola S1 Pro is likely to be eligible for a FAME-II incentive of around Rs 51,000-52,000.
How Subsidies will Change Ola Electric Scooter’s Price?
Even if the ex-showroom price is a little higher than the ex-factory price the FAME-II subsidy will ensure the effective price to the end buyer will be just over Rs 1 lakh.
This also means that if Ola chooses to price the S1 Pro lower than Rs 1.50 lakh then its end price could well under the Rs 1 lakh mark.
Currently the maximum subsidy on offer for an e-two-wheeler in Gujarat is Rs 20,000, and in Maharashtra, the incentive is as high as Rs 25,000.
These will directly influence the prices of Ola’s electric scooter which is most likely to be available for its lowest prices anywhere across India in these states.
The launch date of Ola Electric’s scooter will be announce in the coming days also with the price reveal expectes in August.
The Ola Electric Series S e-scooter also claims to have the largest under-seat storage in its category with almost the ability to accommodate two half-face helmets.
Ola Electric’s scooter will be available in a total of ten colour options.
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