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    Electric 2W Retail Sales FY24 vs FY23 – Ola, TVS, Ather, Bajaj, Hero, Ampere, Revolt, Okinawa

    Ola Electric ScooterOla Electric headed the two wheeler electric retail sales with 3.29 lakh unit sales and a 34.76% market shareElectric 2W retail sales in FY2024 received a huge boost with almost every OEM posting significant YoY growth as compared to sales in FY2023. The segment was led by none other than Ola Electric while TVS, Ather and Bajaj Auto each crossed sales above the 1 lakh unit mark.Electric 2W Retail Sales FY2024Following our earlier report of electric two wheeler retail sales in March 2024, we now assess sales during the entire 12 months of the past financial year. Total electric two wheeler sales in FY2024 stood at 9,47,087 units, up 30.06 percent over 7,28,205 units sold in FY2023. This was a 2,18,882 units volume growth showing buyers acceptance to this more environmentally friendly, cost effective, mode of travel over their fossil fuel alternatives.Electric 2W Retail Sales FY2024Ola Electric led this segment with a major market share of 34.76%. Ola’s portfolio, which currently includes models such as S1 X+ , S1 Pro and S1 Air, has seen retail sales of 3,29,237 units in FY2024, up 115.48% over 1,52,791 units sold in FY2023. At No. 2 was the TVS Motor with 122.84% YoY growth to 1,82,969 units of the iQube sold in FY2024. This was over 82,108 units sold in FY2023 relating to a 1,00,861 unit volume growth.Ather has also seen outstanding sales for its Ather 450S and 450X with 1,08,889 unit retail sales in FY2024 up 41.53% over 76,939 units sold in FY2023. Sales in the coming months is set to increase significantly over the coming months as Ather Rizta electric scooter has been opened for bookings. Ather Rizta will compete with the TVS iQube on the price factor starting off at Rs 1,09,999 as against the TVS iQube which is priced at Rs 1,36,628.Electric 2W Retail Sales FY2024Bajaj Auto retail sales in the electric segment grew by 266.14% with a total of 1,07,069 units of the Chetak sold in FY2024 up from 32,829 units sold in FY2023 to command an 11.31% market share. Impressive performance was seen for Greaves EV that has posted a 2930.33% YoY growth to 31,273 units in FY2024 up from 1,032 units sold in FY2023 relating to a 30,241 unit volume growth. Ampere and Okinawa have both reported YoY degrowth in retail sales by 71.89% and 78.24% respectively to 23,771 units and 20,873 units.OEMs with Retail Sales at Sub-20,000 units In FY24In the sub-20,000 unit segment, it was Hero MotoCorp that has seen enormous growth of 1780.23% to 17,693 units, a 16,752 unit volume growth from 941 units sold in the same period last year. Hero’s Vida V1 Plus and Pro variants steered the company to command a 1.86% market share in this segment. It was followed by BGauss (15,238 units) and Okaya (14,026 units), of which BGauss showed 267.45% and Okaya posted 6.47% YoY growth.Hero Electric retail sales dipped to 12,093 units, down 86.35% over 88,609 units sold in FY2023 while Kinetic Green saw a 74.04% YoY growth to 9,703 units in FY2024 up from 5,575 units sold in FY2023. The list also included Wardwizard (9,115 units) and Revolt (7,342 units), while there were other contributors to this segment that have seen a 23.64% YoY de-growth in retail sales down to 57,796 units in FY2024 from 75,689 units sold in FY2024. More

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    2024 Yamaha Aerox 155 S Variant Launch Price Rs 1.5 Lakh

    2024 Yamaha Aerox 155 S VariantYamaha Unveils AEROX 155 Version S: Elevating Urban Mobility with Smart Key TechnologyYamaha’s commitment to innovation and customer satisfaction reaches new heights with the launch of the AEROX 155 Version S, a testament to performance, style, and technological advancement. In line with its ‘The Call of the Blue’ brand campaign, India Yamaha Motor (IYM) Pvt. Ltd. has introduced the latest iteration of the Maxi-Sports Scooter, equipped with state-of-the-art Smart Key technology aimed at enhancing convenience and security for urban riders.2024 Yamaha Aerox 155 S VariantThe Aerox 155 Version S, available exclusively at Blue Square showrooms, debuts in two captivating color shades – Silver and Racing Blue, priced at Rs. 1,50,600 (Ex-showroom, Delhi). One of the standout features of the AEROX 155 Version S is its Smart Key technology, designed to redefine urban mobility. This advanced system offers functionalities such as Answer Back, Unlock, and Immobilizer, providing riders with a seamless and secure experience.2024 Yamaha Aerox 155 S VariantThe Answer Back feature assists riders in locating their scooter in crowded urban environments, activating flashing blinkers and a buzzer sound for easy identification. Additionally, the keyless ignition simplifies the startup process, allowing riders to start their scooter effortlessly through proximity detection, eliminating the need for manual key insertion.Moreover, the Smart Key system enhances security by incorporating an immobilizer function, safeguarding the scooter against unauthorized access or theft when the key is out of range. This feature offers riders peace of mind, ensuring their vehicle’s protection in various scenarios.[embedded content]Mr. Eishin Chihana, Chairman, Yamaha Motor India Group of Companies said, “Since its launch, the AEROX 155 has been a resounding success, captivating dynamic customers with its impressive performance and extraordinary design. As Indian cities evolve, the need for efficient transportation solutions has grown substantially, prompting Yamaha to lead with innovations that not only address but surpass the evolving demands of riders.2024 Yamaha Aerox 155 Smart KeyThe integration of Smart Key technology into the AEROX 155 exemplifies this commitment. Seamlessly blending convenience and utility, the new Smart Key feature sets a new standard for urban mobility experiences. The Yamaha AEROX 155 has long been celebrated for its performance and style, and the introduction of the Version S signifies an important stride in our ongoing dedication to enhancing the rider experience.”2024 Yamaha Aerox 155 S SpecsApart from its advanced Smart Key technology, the AEROX 155 Version S boasts a bold design characterized by sleek athletic proportions and the striking X Centre motif. It is equipped with a Traction Control System (TCS) and powered by a new generation 155cc Blue Core engine with Variable Valve Actuation (VVA). This liquid-cooled, 4-stroke, SOHC, 4-valve motor delivers a maximum power output of 15 PS at 8,000rpm, coupled with 13.9 Nm of peak torque produced at 6,500rpm.New Yamaha Aerox is E20 fuel compliant, features an on-board diagnostics (OBD-II) System, and includes a hazard system as a standard feature, further enhancing its appeal in the scooter segment. It boasts impressive dimensions and specifications, designed to offer riders a comfortable and dynamic riding experience. With an overall length, width, and height of 1,980mm, 700mm, and 1,150mm respectively, the scooter provides ample space for riders while maintaining a sleek and aerodynamic profile.The seat height of 790mm ensures easy accessibility for riders of various heights, enhancing comfort during long journeys. A wheelbase of 1350mm contributes to stability and manoeuvrability, allowing for confident handling in urban environments. Despite its robust features, the AEROX 155 Version S remains lightweight, weighing just 126kg, facilitating agile performance and effortless navigation through traffic. Furthermore, with a minimum ground clearance of 145mm and a fuel tank capacity of 5.5L, this scooter offers the perfect balance of agility, stability, and practicality for urban commuters. More

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    Vespa 140th Edition Launched – Celebrating Piaggio’s 140th Anniversary

    Vespa 140th EditionOnly 140 units of Vespa 140th of Piaggio Special Edition are available for sale between April 18th to 21st, 2024As part of its 140th anniversary celebrations, Piaggio Group has launched a new ‘Vespa 140th of Piaggio’ Special Edition scooter. The 140th special edition scooter is based on the 300cc Vespa GTV. It is one of the most contemporary and popular models ever produced under the Vespa brand.Vespa 140th Edition – What’s Special?Highlighting the glorious 140 years of Piaggio Group, the Vespa 140th of Piaggio special edition scooter is an exciting mix of retro and modern aesthetics. A number of striking features instantly draw one’s attention. It includes the Piaggio Group’s traditional colours and the LED headlamp mounted on the front fender. The scooter is painted in white and comes with contrasting blue and light blue graphics.Vespa 140th EditionSome interesting detailing with these shades can be seen across the front apron, front fender, instrument cowl and side panels. The scooter has blue wheels with light blue inserts. Left side panel has the ‘140’ anniversary logo in the blue shades. One can also notice the black finishing on the mirrors, headlamp, muffler and foldable pillion foot pegs.Another key highlight is the triple air intake and central grilles. These significantly enhance the scooter’s sporty profile. A similar effect can be seen with the blue coloured single racing seat. It has contrasting stitching for a more dynamic look. The rear seat cover is offered as standard.Vespa 140th EditionAnother unique feature is a number celebratory plaque on the back shield. All the 140 units produced will have this exclusive plaque. With such exclusive details, the 140th special edition of Vespa emerges as one of the exceptionally rare, coveted and esteemed models of all time.Vespa 140th EditionVespa 140th Edition – Performance, specsPowering Vespa 140th of Piaggio limited edition model is a 278cc, single cylinder, liquid cooled engine. It generates 23.8 hp and 26 Nm. The engine is mated to a CVT with torque server. Fuel efficiency is rated at 30.3 km/L. Suspension setup comprises single-arm with coil spring at front and double hydraulic shock absorber at rear. The scooter has 12-inch wheels at both ends, shod with 120/70 front and 130/70 rear tubeless tyres. Both ends have 220 mm disc brakes. Dual-channel ABS is offered as standard.Tech kit includes a circular digital display that is compatible with all Vespa MIA Bluetooth functions. Users can access features such as remote lock / unlock, open the under-seat compartment and Bike Finder function. The scooter has keyless entry and traction control.Vespa 140th EditionVespa 140th of Piaggio – Where to buy?Only 140 units of the Vespa 140th of Piaggio are available for sale. The special edition model can only be purchased between April 18 to 21, 2024. Users can purchase online on Vespa website or during the Vespa World Days 2024, being held in Pontedera, Italy. Vespa 140th of Piaggio is available only in select geographies. It includes most of Europe and some locations in Africa and the Middle East. A complete list is available on Vespa website. More

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    Aprilia Appoints John Abraham As Brand Ambassador – Launches 2024 Range

    Aprilia Appoints John Abraham As Brand Ambassador2024 Aprilia Tuareg 660 was launched in India starting from Rs. 18.85 lakh (ex-sh) and rivals Triumph Tiger 900, Ducati Desert X and the likesMotorcycling industry in India is akin to quite a few celebrity enthusiasts. The love for motorcycling has reverberated with Bollywood stars and quite a few of them also appear as a brand ambassador for certain bikemakers. Aprilia India has just appointed Bollywood A-lister, John Abraham, as their brand ambassador, revving the hearts of motorcycling enthusiasts.Aprilia Appoints John Abraham As Brand AmbassadorAmong the actors hailing from India, John Abraham is one of the, if not, the most celebrated motorcycle enthusiasts. This Bollywood A-lister has time and time again, expressed his love for motorcycles and his passion for machines that run on two wheels. John Abraham previously appeared as the brand ambassador for Yamaha Motor India.Aprilia Appoints John Abraham As Brand AmbassadorAppointing John Abraham as the brand ambassador for the Italian legacy motorcycle manufacturer, Aprilia, is not just a celebrity endorsement. It embodies the idea of a synergy and an alliance of interests and passion between a motorcycling aficionado and a legacy motorcycle manufacturer.John Abraham, while unveiling Aprilia’s performance portfolio, stated, “I am thrilled to be associated with Aprilia as their brand ambassador. I personally connect with the Aprilia brand, which embodies passion, performance, and style. I’m honoured to be part of a brand with such a celebrated legacy. I look forward to being a part of Aprilia’s journey as it continues to stand for high-performance bikes that exude the spirit of sport, racing, and adventure.”Aprilia Tuareg 660 LaunchedMr. Diego Graffi, Chairman and MD, Piaggio Vehicles Pvt. Ltd., commented, “We are incredibly excited to welcome John Abraham to the Aprilia family. John’s passion for performance, adventure, and excellence perfectly embodies the Aprilia spirit. This partnership will undoubtedly strengthen our brand’s vision and resonate with every rider who craves a motorcycle that is as thrilling as it is stylish.”Aprilia India launches 2024 rangeRSV4 Factory – Rs 31.26 lakhsRS 660 – Rs 17.74 lakhsTuono 660 – Rs 17.74 lakhsTuareg 660 – Rs 18.85 lakhs(ex-sh)#Aprilia @ApriliaIndia @ApriliaOfficial pic.twitter.com/jULKRCvCAF— RushLane (@rushlane) April 16, 20242024 Aprilia Motorcycles LaunchedMY24 range of Aprilia Motorcycle range of superbikes includes Aprilia RSV4 Factory track machine which is meticulously designed and developed to carry as much speed into corners as humanly possible. Sharp and soothing lines on the bodywork are designed to cut through air with precision, backed up by the mighty powerful 215 PS 1099cc V4 engine and world-renowned electronics.RS660 and Tuono 660 have been updated to MY24. Both motorcycles share the same powertrain and are designed to cater to different niches. While Tuono 660 offers a versatile riding style with the urban jungle in mind, RS660 is a much sportier thrill machine that is built for track days and everyday riding. Both motorcycles embody Aprilia’s rich racing heritage and are thoroughbred middle-weight motorcycles.Star of yesterday’s event was Tuareg 660, launched for the first time in India. It shares the same 660cc twin-cylinder engine as Tuono 660 and Aprilia 660 with around 80 PS and 70 Nm on tap. This ADV is geared to take on everything between mountain trails or sandy deserts. Tuareg 660 is packed with off-road-worthy hardware to take on the rough stuff too. Pricing for Tuareg 660 starts from Rs. 18.85 lakh (ex-sh). More

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    Bajaj Pulsar 400 Render Before Launch – 6 New Colours

    Bajaj Pulsar 400 RenderWhen launched, Bajaj Pulsar 400 is likely to undercut rivals like Triumph Speed 400, KTM 390 Duke, Hero Mavrick, Harley-Davidson X440 and othersPulsar is the beating and pulsating heart of Bajaj Auto’s motorcycle arm. The company has gone strength to strength with the Pulsar brand and has expanded the lineup from just a 150cc bike to multiple 125cc, 150cc, 160cc, 180cc, 200cc, 220cc and 250cc bikes. Now is the time to witness the “Biggest Ever Pulsar” that is set to launch on May 3rd.Bajaj Pulsar 400 RenderedWith Pulsar brand, Bajaj intends to revv the hearts of motorcycling enthusiasts. So, it has to strike the right balance between design, performance along with features and equipment. Rushlane’s render of Pulsar 400 aims to be just that. Rendering artist Pratyush Rout has stuck to the core Bajaj Pulsar ethos while imagining this render.Bajaj Pulsar 400 RenderWe reckon that our render does a splendid job of capturing what “Biggest Ever Pulsar” could be like. Brawny design? Check. Massive presence? Check. Premium componentry? Check. Pulsar DNA? Check. The colour schemes used on our Bajaj Pulsar 400 render also adhere to what the company is currently offering with current Pulsars.As confirmed by Bajaj Auto CEO, Rajiv Bajaj, “Biggest Pulsar Ever” is in the making and is likely to launch on May 3rd, 2024. Ever since the news broke out, there has been a massive wave of interest and anticipation towards this upcoming product.Bajaj Pulsar 400 RenderWe can see an overall Pulsar N series design language, that has been proportionately bulked up. Owing to the large displacement, there is a larger exhaust too that adds a lot of visual bulk. Contributing to that effect are beefy USD telescopic front forks finished in gold, sharper and meaner-looking tank shrouds and a larger tank shroud.Bajaj Pulsar 400 RenderSplit seats and clip-on handlebars lens a sporty appeal. Rear subframe is quite a bit raised, usually seen in a delta box chassis. Tank contours and heel plates look like they provide quite a bit of leverage to attack corners. Tail tidy would look nicer, but this setup is a lot more practical. Rear set footpegs for committed posture and premium ORVM stalks are notable.Which engine will it pack?Where powertrains are concerned, our render has a single-cylinder unit that gets a liquid cooling jacket with a large radiator, DOHC 4V engine head and Bajaj’s proprietary DTS-i twin spark technology. Overall, this larger engine looks very proportionate when compared to the body.Bajaj Pulsar 400 RenderCurrently, Bajaj manufactures three high-capacity single-cylinder engines for legacy manufacturers like KTM and Triumph. We have a 373cc engine that generates around 40 bhp and 35 Nm, mated to a 6-speed gearbox which is seen in Dominar 400. There’s a 398.15cc engine with around 40 bhp and 37.5 Nm as seen on Triumph 400 range.Then there’s the newer 398.63cc engine that develops around 45 bhp and 39 Nm which is plonked on KTM’s new 390 Duke and seen on the upcoming 390 Adventure and 390 Enduro. All these engines get DOHC 4V head, liquid cooling and are mated to a 6-speed gearbox. The possibility of Pulsar 400 getting the same engine as the current Dominar 400 seems to be more prevalent.Bajaj Pulsar 400 Render More

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    2024 Bajaj Pulsar N250 Review – First Ride With New Updates

    2024 Bajaj Pulsar N250 ReviewBajaj has launched the updated Pulsar N250 with lots of new features – Prices start from Rs 1.51 lakhFollowing the onslaught of connectivity updates by Bajaj Auto since the beginning of this year, the company has rolled out the renewed version of the Pulsar N250, but with more than just Bluetooth and a connected console. The 2024 Pulsar N250 comes with a whole range of features that is truly enticing to its demographic. The selling points include inverted telescopic suspension, Dual Channel ABS with three ride modes (Road, Rain and Off-Road), Traction Control System, and wider tyres.2024 Bajaj Pulsar N250 Review – Features and TechnologyThe USD fork made by Endurance, is meant to improve the handling and be more durable to battering on Indian roads. It also serves as an eye candy on the N250 especially since it comes in champagne gold finish on the Pearl Metallic White and Glossy Racing Red versions of the bike. On the Brooklyn Black N250 the fork is also black in colour.2024 Bajaj Pulsar N250 ReviewThe three braking modes of the Dual Channel ABS are programmed to regulate the braking intervention to prevent lock-up keeping in mind the variety of road conditions even a single stretch of ride can include. The Road mode is the standard setting. The Rain mode is developed for rainy and wet road conditions with the obvious maximum eagerness to intervene.The Off-Road mode is not strictly for adventure off-roading, it is programmed to be suitable for rural road conditions that may involve gravel, loose sand and unevenly broken patches. In order to engage the Off-Road mode, you gotta ride the bike below 20 kmph, but to switch to or between Road or Rain modes there’s no speed rule, it can be done anytime on the fly.2024 Bajaj Pulsar N250 Review2024 Bajaj Pulsar N250 Review – Braking and HandlingThe N250 does deserve brownie points for remembering the last used ABS mode. While the same cannot be said for the Traction Control System, which if turned off will come back alive the next time you key up the motorcycle. However it remains off until you pull the key out, like if you kill the engine with the switch or by careless clutch-work. Also, to switch off the TCS, you need to be in Off-Road ABS mode.2024 Bajaj Pulsar N250 ReviewDuring our brief test ride at Chennai, we rode over different surfaces and found that the braking was indeed dependable. It was sufficiently bite-y as well. The USD fork seemed to improve the confidence in handling and zipping across the tightly-meshed traffic.2024 Bajaj Pulsar N250 Review – User ExperienceThe LCD console that displays all the stats as well as the current status of the aforementioned systems, has a lot of information to show within very less real estate. The segmented display is also a buzz-kill, but considering the price point, the judgement has to be withdrawn.2024 Bajaj Pulsar N250 ReviewWhat can’t be, is the fact that a single button does all the work from scrolling down the menu, changing the Bluetooth settings and switching between the brake modes. And the Bluetooth is indeed useful for call and SMS alerts, and turn-by-turn navigation guidance from the phone.2024 Bajaj Pulsar N250 Review – Engine and PerformanceThe engine used is exactly the same as the outgoing model. It is the 249 cc single-cylinder four-valve air & oil-cooled motor, that generates 24.1 bhp of peak power at 8,750 rpm and 21.5 Nm of peak torque at 6,500 rpm. While the peers were discussing that Bajaj could’ve upgraded the gearbox to a 6-speed unit instead of the same 5-speed one, practically an upgrade didn’t feel necessary. The motor feels very alive with the current pairing and the rev-spacing between the gears is quite sporty already. The power delivery and ride composure while utilising that power are quite amazing for a bike of its price now that it’s got all these contemporary features.2024 Bajaj Pulsar N250 Review2024 Bajaj Pulsar N250 Review – VerdictBajaj Pulsar N250 2024 has raised the bar in terms of features and performance within its price range. With a host of updates including inverted telescopic suspension, Dual Channel ABS with multiple ride modes, and a Traction Control System, Bajaj has clearly aimed to cater to a diverse set of riders and road conditions. Overall, Bajaj seems to have once again hit the mark with the Pulsar N250, offering a compelling package that appeals to a wide range of riders, whether seasoned enthusiasts or newcomers attracted by its features and performance. More

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    Hero Mavrick 440 Delivery Starts – First Batch Owners Get Freebies

    Hero Mavrick 440 Delivery StartsDr. Pawan Munjal, Executive Chairman of Hero MotoCorp, personally hands over the bikes to customersToday marks a significant milestone for Hero MotoCorp as they begin the much-anticipated deliveries of its flagship motorcycle, the Mavrick 440. Amidst great excitement and anticipation, Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, personally handed over the keys to lucky customers at the Hero Premia outlet and a specially-curated event in Gurugram.Priced competitively from Rs 1.99 lakhLaunched earlier this year with great fanfare, the Hero Mavrick 440 has captured the imagination of motorcycle enthusiasts across the country. Boasting a perfect blend of performance, style, and cutting-edge technology, this motorcycle is set to redefine the middle-weight segment.Hero Mavrick 440 Delivery StartsThe Hero Mavrick 440 is available in three enticing variants – Base, Mid, and Top, priced at Rs 199,000/-, Rs 214,000/-, and Rs 224,000/- respectively (ex-showroom pan-India). These price points reflect Hero MotoCorp’s commitment to offering value for money in the upper premium motorcycle segment.To sweeten the deal for first batch buyers, Hero MotoCorp has announced the ‘Welcome to Mavrick Club Offer.’ Customers who have booked their Mavrick 440 before March 15th are entitled to receive a customized Mavrick Kit of Accessories & Merchandise worth Rs.10,000, adding extra allure to an already enticing proposition.Hero Mavrick 440Unveiled at the Hero World 2024 in Jaipur earlier this year, the Mavrick 440 is based on Harley Davidson X440. It garnered attention for its distinctive design, combining roadster aesthetics with robust styling. The motorcycle features an Air-cooled with oil cooler 2V single-cylinder 440cc ‘TorqX’ engine with electronic fuel injection, delivering 27 bhp @ 6000 rpm and a torque of 36 Nm @ 4000 rpm. Coupled with a 6-speed transmission, slip-and-assist clutch, and specially crafted 0° steel radial pattern tires, the Mavrick 440 promises a smooth and exhilarating ride.Emphasis on rider comfortOne of the key highlights of the Hero Mavrick 440 is its focus on rider comfort, control, and connectivity. With roadster ergonomics, an upright riding position, spacious seat, ample legroom, and optimized grab-rails, the Mavrick 440 ensures a comfortable journey for both short commutes and long rides. Additionally, advanced telematics features, including smartphone integration, turn-by-turn navigation, and real-time information through eSIM-based connectivity, provide riders with a truly connected riding experience.Available in five captivating color options spread across the three variants, the Hero Mavrick 440 offers something for every rider’s taste. The base version comes in Arctic White, the mid variant in Celestial Blue and Fearless Red, while the top variant is available in Phantom Black and Enigma Black.With the commencement of deliveries, the Hero Mavrick 440 is set to make its mark on Indian roads, offering riders a thrilling combination of performance, style, and technology. As enthusiasts gear up to experience the thrill of riding this power-packed motorcycle, Hero MotoCorp continues to reaffirm its position as a leader in the Indian motorcycle market. More

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    Ola Electric Scooter Price Cut – New S1X Priced From Under Rs 70k

    Ola Electric Scooter Price CutOla CEO Bhavish Aggarwal announced the price cut, and new prices of Ola Electric scootersIn a move set to further revolutionize India’s electric vehicle (EV) market, Ola Electric, the nation’s leading electric scooter brand, has declared a significant price reduction for its acclaimed S1 X electric scooter range, effective immediately.Ola Electric Scooter Price CutThe price revision sees a remarkable decrease across the S1 X lineup. The introductory price for the S1 X 2kWh variant now stands at Rs 69,999, down from the previous Rs 79,999. Similarly, the S1 X 3kWh variant is now priced at Rs 84,999, compared to the earlier Rs 89,999. The range-topping S1 X 4kWh variant now commands Rs 99,999, representing a significant reduction from its earlier asking price of Rs 1.10 lakh.Ola Electric Scooter Price CutThese price adjustments are poised to make Ola Electric’s offerings even more accessible to the Indian populace, fostering widespread adoption of electric mobility solutions. Deliveries for the revamped S1 X lineup are slated to commence next week, offering consumers the opportunity to experience cutting-edge electric mobility at unprecedented affordability.In tandem with the price cut for the S1 X range, Ola Electric has maintained competitive pricing for its other models. The S1 X+, S1 Air, and S1 Pro retain their market positions with marginal price adjustments. The S1 X+ is now priced at Rs 89,999, reflecting a slight increase of Rs 5,000. Meanwhile, the S1 Air and S1 Pro maintain their respective prices of Rs 1.05 lakh and Rs 1.30 lakh. All models come with an impressive 8-year warranty as standard, underscoring Ola Electric’s commitment to quality and longevity.Ola Electric Scooter Price CutThe S1 X lineup boasts a range of features catering to diverse consumer preferences. From the entry-level 2kWh variant to the range-topping 4kWh variant, each model offers impressive battery capacities and ranges, ensuring suitability for various commuting needs. Additionally, smart connectivity features such as keyless unlock further enhance the user experience, setting a new benchmark for electric scooter technology in India.[embedded content]Strategic Timing: Ola’s Price Cut Amid Competitors’ HikesAmidst a backdrop of price hikes from other electric scooter manufacturers, Ola Electric’s recent price reduction comes as a refreshing contrast. The timing of this move is particularly noteworthy, occurring against the backdrop of a broader trend in the industry towards increased pricing.The context for these price adjustments lies in the introduction of the Electric Mobility Promotion Scheme (EMPS) by the Government of India. With the conclusion of the FAME II scheme on March 31, 2024, the new EMPS aims to incentivize electric vehicle adoption while ensuring sales remain robust. Unlike its predecessor, the EMPS offers subsidies capped at Rs 10,000 per electric scooter, a notable decrease from previous subsidy levels.Electric scooter price hike April 2024In response to these changing dynamics, electric two-wheeler manufacturers such as Ather, Bajaj, TVS, and Vida have announced price hikes on their respective models. These adjustments reflect the necessity for manufacturers to adapt to the evolving regulatory landscape while balancing consumer affordability.Contrary to this trend, Ola Electric’s decision to reduce prices underscores their commitment to making electric mobility more accessible to the masses. By offering competitive pricing amidst industry-wide increases, Ola Electric positions itself as a frontrunner in driving widespread adoption of electric vehicles. More