Ola Electric shares are up 8.25% ahead of the launch of the Gen 3 version of its S1 electric scooters, bringing significant upgrades to battery performance, motor efficiency, and software. The company aims to expand its market reach with multiple price variants, catering to a broader audience.
The new Gen 3 S1 models feature a redesigned battery pack, enhanced torque output, and an improved lightweight aluminum frame, optimizing range and efficiency. The scooters also come equipped with a TFT display featuring updated software, allowing for better connectivity and enhanced user experience.
With these updates, Ola Electric aims to strengthen its position in the competitive EV space, offering enhanced performance and efficiency to attract a wider customer base.
Shares of Ola Electric Mobility Ltd. surged 8.25% to ₹72.30 as of 10:00 AM, reflecting positive investor sentiment following the launch. The stock hit an intraday high of ₹73.16 and a low of ₹67.62. Its 52-week range stands at ₹64.60 – ₹157.40. Trading volume surged to 1.89 crore shares, indicating strong market participation.
New pricing details for the Gen 3 S1 models have been revealed, aligning with Ola’s strategy to offer competitive pricing across multiple segments. The company has introduced various pricing tiers, ensuring accessibility for a wider consumer base.
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