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Ola Electric Mobility Limited ( (IN:OLAELEC) ) has provided an update.
Ola Electric has launched a Navratri Mahotsav festive campaign, offering benefits of over ₹30,000 across its Gen 3 S1 electric scooters and Roadster motorcycles, including cash discounts of up to ₹9,999, eight-year extended warranties, and instant cashback of up to ₹10,000 on select credit card EMIs. The company is also reviving its daily Muhurat Mahotsav with 90-minute windows where limited units of the S1 Pro+ 4 kWh and Roadster X+ 4.5 kWh will be sold at sharply reduced prices of ₹99,999 and ₹79,999, respectively, to spur demand during the Navratri period.
In parallel, Ola Electric is scaling its Ola Insider Upgrade Program from a pilot in select cities to cover about 60% of its customer base, opening up seamless upgrades for all Gen 1 and Gen 2 owners to the latest Gen 3 products. The company says strong customer response to the initiative underscores growing confidence in its newer models, and the combined push of festive offers and a broader upgrade pathway is aimed at accelerating EV adoption while strengthening its market position in India’s competitive two-wheeler segment.
More about Ola Electric Mobility Limited
Ola Electric Mobility Limited is India’s leading electric vehicle manufacturer, focused on vertically integrated design and production of EVs and key components, including battery cells. Its Tamil Nadu-based Ola Futurefactory and Bengaluru Battery Innovation Centre anchor a growing EV hub, supported by R&D teams in India, the UK, and the US and a direct-to-customer retail network across the country.
Average Trading Volume: 8,336,401
Technical Sentiment Signal: Sell
Current Market Cap: 109.7B INR
For detailed information about OLAELEC stock, go to TipRanks’ Stock Analysis page.