For all those who have been waiting to get access to the new EV sensation, here is the update for you. Ola Electric’s S1 scooter is ready for sale from today, September 8, for those who have already made a reservation. The procedure to buy an Ola Electric S1 scooter is completely online.
Telling more about the purchase, the Ola Electric blog says, “No visiting showrooms, no running around, nothing. Purchasing early gets you priority delivery. Also, the window stays open only until stocks last.”
For two variants of Ola S1 and Ola S1 Pro, the buyers have the option to choose between 10 colours.
Meanwhile, the test rides and deliveries for the Ola e-scooter will commence in October.
The firm had cleared pre-launched reservations for a refundable sum of money of Rs 499 in July and got around one lakh reservations within 24 hours of order books opening.
At present, the buyers can make the purchase either by paying the rest of the amount or bank loans.
The variants can also be finalised from today.
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Ola electric S1 is being offered at Rs 99.999, while the S1 Pro is sold at 1,29,999, however, the ex-showroom price can differ after the FAME II subsidy and state subsidies are applied.
EMIs for the Ola e-scooter has been fixed at Rs 2,999 for the S1 variant, while for the S1 Pro it will be Ra 3,199.
People interested in purchasing the Ola electric scooter can finance the vehicle from HDFC, IDFC First Bank and TATA Capital. Pre-approval loans will be provided to customers by HDFC on the Ola and Ola Electric apps at the same time, TATA Capital and IDFC First Bank will process digital KYCs to provide instant loan approvals.
The other banks Ola Electric has engaged in are Bank of Baroda, Axis Bank, ICICI Bank, IndusInd Bank, AU Small Finance Bank, Jana Small Finance Bank, Kotak Mahindra Prime and YES Bank for vehicle finance.
“After the state subsidy in Delhi, the S1 would cost Rs 85,009 whereas in Gujarat it would cost Rs 79,000," Ola Electric CEO Bhavish Aggarwal had said at the time of its launch in July.
For completing the online purchase the customer needs to visit the official website of Ola electric, where there is the option to either complete the full payment upfront or choose from a finance option on the site that will appear.
"Keep your Aadhaar card, Pan Card & Proof of address handy to keep the process seamless," Ola has stated in its blog.
Any customer who wants to buy the scooter by making a down payment directly, then you have to pay Rs 20,000 for the S1 and Rs 25,000 for the S1 Pro. The prevailing price for the scooter can be laid at the time of invoicing. The Ola blog further stated: "Both down-payment and advance are completely refundable if you wish to cancel your booking. Cancellation is allowed only till the scooter is shipped from the Ola FutureFactory."
The company is planning to begin the believers for the scooter across the country in 1000 cities and towns in October.
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The Ola electric scooter battery comes with a three years warranty while for the vehicle it is for three years or 40,000 kilometres whichever happens first.
Several states have already announced subsidies on the Ola e-scooter like Delhi, Gujarat, Maharashtra, Odisha and Rajasthan on the basis of the Faster Manufacturing and Adoption of Electric Vehicles in India Phase 2 (FAME-II) subsidy offered.