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Indian EV companies slash prices to boost sales

AutomobileIndian EV companies slash prices to boost sales

India’s premier electric vehicle players have made a groundbreaking move by slashing prices on their electric scooter models, effectively bridging the affordability gap. This strategic initiative not only addresses challenges in the EV market but also signals a significant shift towards making sustainable transportation more accessible. The concerted efforts of brands, combined with a trend toward greater affordability, dynamic pricing strategies, and government-backed initiatives, are anticipated to propel the widespread adoption of electric two-wheelers across the nation, marking a pivotal moment in the evolution of India’s electric mobility landscape.

Gemopai, a leading EV brand, has announced significant price reductions across its popular models – the Ryder, Astrid Lite, and Ryder Supermax. Formerly priced at INR 111,195, INR 79,999, and INR 70,850, respectively, these models have now been made more accessible to consumers with revised prices of INR 99,195, INR 69,999, and INR 59,850. This strategic move underscores Gemopai’s commitment to promoting affordable electric vehicles, offering consumers an enticing opportunity to embrace sustainable and eco-friendly transportation options.

Okaya EV has made a groundbreaking announcement by reducing prices across its entire product line-up, aiming to promote affordable in the market. Among the notable changes, the Faast F4, equipped with an industry-leading battery capacity at 4.4 kWh, is now priced at INR 1,19,990, down from the previous INR 1,37,990, offering an impressive range of 140 to 160 kilometers per charge. The Faast F3, Motofaast, Faast F2F, and Faast F2B models have also seen significant price reductions, making them more accessible to consumers at INR 1,09,990, INR 1,28,999, INR 83,999, and INR 93,950 respectively (ex-showroom). This initiative reflects Okaya EV’s commitment to fostering adoption of sustainable transportation solutions across India.

Ola Electric has made a significant move towards promoting affordable EVs in India by announcing a temporary price reduction for its electric scooters. The price cuts are aimed at making electric mobility more accessible to a wider range of consumers. The Ola S1 X+, the most affordable offering, now comes with a reduced price tag of ₹84,999, down from ₹1,09,999. Similarly, the mid-range Ola S1 Air is now priced at ₹1,04,999, compared to its previous price of ₹1,19,999. The premium Ola S1 Pro is available at ₹1,29,999, down from ₹1,47,999. These revised prices, effective immediately, demonstrate Ola Electric’s commitment to driving the adoption of sustainable transportation solutions across the country.

Another major EV company in the electric two-wheeler industry, iVOOMi, has announced discounts of up to Rs 10,000 on the entire range of their electric scooters. Customers can now enjoy substantial savings of ₹10,000 on the premium JeetX model and ₹5,000 on the efficient S1 and S1 2.0. This limited-time promotion, available until 31 March, is designed to give every customer access to state-of-the-art technology.
The flagship model, JeetX, known for its comfort and stylish design, is now available at an ex-showroom price of ₹89,999 after a significant discount of ₹10,000. With a top speed of 65 kmph, the JeetX is a standout powerful choice for riders seeking unmatched comfort and efficiency. Available in 5 premium matte finish colours, the JeetX allows users to customize their electric riding experience. The iVOOMi S1 designed to optimize performance across diverse terrains is available at an ex-showroom price of ₹79,999 after a significant discount of ₹5,000. The efficient S1 2.0, offering an impressive all-day riding range of over 110 kilometres per charge is now priced at an amazing price of ₹82,999.

In addition to the attractive pricing, all iVOOMi electric scooters can now be upgraded to smart cloud-connected e-scooters, including Bluetooth connectivity with smartphones, turn-by-turn navigation, and call and SMS alerts. This upgrade enhances the overall user experience, making iVOOMi scooters not just a mode of transportation, but a connected and intelligent companion for daily commuting needs.

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