Among Tier-I cities, Delhi, Mumbai, and Bengaluru topped the list with maximum demand for e-scooters
Electric scooters can be insured under the same motor insurance plans as for non-electric vehicles with third party coverage.
Last month, the company had launched the Ola S1 electric scooter in two variants S1 and S1 Pro at Rs 99,999 and Rs 1,29,999 respectively
The deliveries of the scooter will start from October 2021. The company will also start the test drives this month.
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JMK Research estimates that E2W sales would reach 30 lakh units in the next 5 years, witnessing a CAGR of 84% from FY2021 to FY2026
Ola Electric had announced the opening of bookings on July 15 at a token amount of Rs 499 on its official website.
Ambit Capital anticipates that the Indian electric 2 wheelers and allied segments could generate revenues of $30 bn per annum by CY2030
The demand incentive for electric two-wheelers has been increased to Rs 15,000 per KWh as compared to Rs 10,000 per KWH earlier