Ola Electric’s shares rose 14.4% to ₹ 76.50 at Intra-Day trade on Friday. The company on Friday launched 8 new scooters with generation 3 features at its S1 portfolio, including mass and premium segment. According to the company, the GEN 3 platform has a 20% higher power, 11% lower cost and 20% more range than GEN 2.
EV market leader again
Ola Electric again secured a leader’s position in January 2025 with a 25% market share in India’s electric two-wheeler (EV 2W) market. According to the vigor data, the company registered 22,656 vehicles in January, which is a 65% increase on a month-long basis. In December 2024, Bajaj Auto gained the top position with a 25% stake in the EV Two-wheeler market, while Ola Electric’s stake was reduced from 24% to 19%.
Price and variants of new scooters
Ola Electric has launched the Gen 3 S1 Pro+ in 5.3KWH and 4KWH battery options. The S1 Pro is introduced in 4kwh and 3kwh battery options. Gen 3 S1 X has come in four variants, including S1 X+ (4KWH) and S1 X (4KWH, 3KWH and 2kwh battery options).
The starting price of the GEN 3 scooter starts from ₹ 79,999 (S1 X, 2KWH) and goes up to ₹ 1,69,999 (S1 Pro+ 5.3KWh). Its delivery may begin on 15 February.
Gen 3 scooter prices:
S1 Pro+ (5.3kwh): ₹ 1,69,999
S1 Pro (4KWH): ₹ 1,34,999
S1 Pro (3kwh): ₹ 1,14,999
S1 X (2KWH): ₹ 79,999
S1 X (3kwh): ₹ 89,999
S1 X (4KWH): ₹ 99,999
S1 x+ (4kwh): ₹ 1,07,999
Discount on gen 2 scooter
Ola Electric has announced a discount of up to ₹ 35,000 on Gen 2 scooters. According to this:
S1 Pro (Gen 2): ₹ 1,14,999
S1 X (Gen 2): ₹ 69,999 (2KWH), ₹ 79,999 (3KWH), ₹ 89,999 (4KWH)
Share status
The total market cap of Ola Electric is ₹ 32,935.67 crore. Its shares are trading on the PE ratio of 64.38 and on the earning of ₹ 34.46 per share. On Friday at 2:25 pm, Ola Electric shares were at ₹ 74.6A2, which was 11.62%, while the BSE Sensex gained 0.64% to 77,248.12.