Ola Electric Expands S1 Portfolio with Gen 3, Introduces 8 New Scooters

Ola Electric has regained its position as the top electric two-wheeler manufacturer in India, capturing a 25% market share in January 2025. The company recorded 22,656 registrations, showing  a 65% month-on-month growth, according to Vahan data. This comes after a weak December, where its sales had dropped to a 27-month low

Gen 3 S1 Portfolio and Updates

The company introduced 8 new scooters under its S1 Gen 3 lineup, aimed at both mass and premium segments. The Gen 3 platform claims a 20% increase in peak power, 11% cost reduction, and 20% improved range over Gen 2 models.

Pricing and Variants:

The Gen 3 range starts at ₹79,999 for the S1 X (2kWh) and goes up to ₹1,69,999 for the S1 Pro+ 5.3kWh. Other variants include:

Ola is also continuing to sell its Gen 2 scooters with discounts of up to ₹35,000.

Technical Changes

The new platform introduces a mid-drive motor and chain drive for performance adjustments. Dual ABS has been added for improved braking, and a brake-by-wire system shifts between regenerative and mechanical braking.

Rollout and Plans

Deliveries for the Gen 3 scooters are set to begin in mid-February 2025. The company also announced MoveOS 5, which will introduce additional features. The date for Ola Electric’s Q3 earnings report is yet to be announced.

Market Movement 

Following the sales increase, Ola Electric’s stock rose 14.5% today, on January 31, briefly crossing its IPO price of ₹76. At 11:05 AM, shares were trading at ₹75 on the NSE. The trading volume surged, with six crore shares changing hands, double the one-month daily average. Despite the increase, the stock remains 51% below its record high of ₹157.40.

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