New Delhi: The two-day sale of Ola S1 and S1 Pro electric scooters will end on Thursday (September 16). Ola co-founder Bhavish Agarwal said the Bengaluru-based electric vehicle maker has already sold scooters worth Rs 600 crore on the first day of sale of its Model S1.
Ola started the sale of its scooters Ola S1 and S1 Pro on Wednesday, 15 September. In a tweet, Agarwal said, “India is committed to EV and rejecting petrol! We sold 4 scooters/sec peak and sold scooters worth over 600 crores in a day! Today is the last day, half the shopping. Will close at night.”
In a blog post, the CEO mentioned that an “unprecedented number” of Ola scooters were booked after the procurement process had begun. Emphasizing on selling scooters in a day, Agarwal said, “This is much more than what the entire 2W industry can sell in a day in terms of value! Make no mistake, the era of electric vehicles has arrived.”
At its peak, Ola Electric recorded 4 scooter sales in a second. Agarwal said this response is beyond expectations and looking at production plans in the coming months.
He said, “Today will be the last day for consumers to buy Ola S1 and S1 Pro scooters. Those who have already booked can shop till midnight tonight, at which time the purchase window will close. ” (Also read: Air India sale: Tata, SpiceJet chief Ajay Singh place financial bids )
India is currently witnessing huge demand and a massive market for two wheeler electric vehicles. With the success witnessed by Ola Electric, traditional automakers are also expected to double their electric vehicle ambitions.
Agarwal said Indians should leverage innovation, a strong local EV ecosystem and momentum to make India not only a large EV market but a global EV manufacturing hub.
The scooter was supposed to go on sale on September 8, but was postponed to September 15 due to “technical difficulties” in building the website. The Ola app is the only place where the scooter is currently available for purchase. (Also read: Sensex crosses 59 thousand for the first time, Nifty reaches new high )
Customers can expect deliveries to start from October 2021. Buyers will be notified of estimated delivery dates within 72 hours of purchase. On August 15, the company introduced its Ola S1 electric scooter in two variants – S1 and S1 Pro. Rs 99,999 and Rs 1,29,999 respectively (inclusive of ex-showroom FAME II subsidy and excluding state subsidy).
Ola is setting up a 500-acre manufacturing plant in Tamil Nadu with an investment of Rs 2,400 crore.
10 million annual production capacity is the initial target. Then the company will increase the production capacity of 220 lakh angles according to the market demand.
Ola Electric had claimed that its plant – when fully completed – would have an annual capacity of 10 million units, “which is 15 per cent of the world’s total two-wheeler production”.
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