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Ola Electric has started delivering S1 Gen 3 scooters across India, offering improved performance and range. Prices range from Rs 79,999 to Rs 1,69,999. Ola Electric share price rises 28.4% on BSE, reflecting positive market sentiment.
Ola Electric has officially commenced the nationwide delivery of its latest S1 Gen 3 scooters, catering to customers across India through its comprehensive store network and direct-to-home services. The S1 Gen 3 range is available in four variants, including the S1 X (2kWh), S1 X (3kWh), S1 X+ (4kWh), and the premium S1 Pro+ (5.3kWh) with 4680 Bharat Cells. The entry-level S1 X variant is priced at Rs 79,999, while the high-end S1 Pro+ costs Rs 1,69,999. Compared to its predecessor, the Gen 3 platform offers a 20% increase in peak power, an 11% reduction in cost, and a 20% improvement in range.
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Ola Electric has started delivering S1 Gen 3 scooters across India.
Prices range from Rs 79,999 to Rs 1,69,999, depending on the variant.
The Gen 3 platform offers 20% more peak power and a 20% higher range.
The S1 Pro+ features 5.3kWh with 4680 Bharat Cells.
Ola Electric share price rose by 28.4% on the BSE.
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The S1 Gen 3 range has garnered significant attention due to its attractive pricing and upgraded features. The most affordable variant, the S1 X (2kWh), is priced at Rs 79,999, while the mid-range S1 X (3kWh) and S1 X+ (4kWh) are priced moderately. The flagship S1 Pro+ (5.3kWh) variant costs Rs 1,69,999 and features advanced 4680 Bharat Cells.
S1 Gen 3 Scooter Variants and Prices
Variant | Battery Capacity | Price (Rs) |
S1 X | 2kWh | 79,999 |
S1 X | 3kWh | 99,999 |
S1 X+ | 4kWh | 1,29,999 |
S1 Pro+ | 5.3kWh | 1,69,999 |
The Ola Electric share price has experienced notable fluctuations in recent months. Despite a year-to-date decline of 35%, the share price has surged by 50% in the last six months. On Friday, the Ola Electric share price closed at Rs 56 on the BSE, registering a substantial gain of 28.4%. The company’s current market capitalisation stands at Rs 24,700 crore.
Period | Change (%) |
Year-to-Date | -35.00 |
Six Months | +50.00 |
One Month | +28.40 |
Closing Price | Rs 56 |
Market Cap | Rs 24,700 crore |
The Ola Electric share price remains under scrutiny as technical indicators suggest mixed signals. The Relative Strength Index (RSI) currently stands at 47, indicating a neutral zone, while the Moving Average Convergence Divergence (MACD) at -4.2 signals a bearish trend. The stock is trading above its 5-day, 10-day, and 20-day Simple Moving Averages (SMAs) but is still below the 30-day, 50-day, 100-day, and 150-day SMAs.
The launch and delivery of Ola Electric's S1 Gen 3 scooters have sparked positive sentiment among customers and investors. The enhanced specifications, competitive pricing, and wide delivery network have contributed to the scooter's appeal. Although the Ola Electric share price remains volatile, the company's growth potential, driven by innovative product launches, holds promise for long-term market performance.
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