Ola Electric Mobility Limited has informed the Exchange regarding a press release dated May 23, 2025, titled "Ola Electric commences PAN India deliveries of the Roadster X".
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Ola Electric has started delivering its Roadster X series of electric motorcycles across India, marking the company's entry into the motorcycle segment beyond its existing scooter business. The Roadster X portfolio is priced from ₹99,999 (2.5kWh variant) up to ₹1,99,999 for the top Roadster X+ 9.1kWh, which claims a range of 501 km per charge. As a launch offer, the first 5,000 customers get benefits worth ₹10,000, including free extended warranty, MoveOS+ software, and Essential Care. The bikes feature a mid-drive motor, brake-by-wire technology, and IP67-certified battery packs. The company will leverage its network of over 4,000 stores across India for distribution.
This expands Ola Electric's addressable market into electric motorcycles, potentially opening a new revenue stream, but the EV two-wheeler segment is highly competitive. Investors should watch delivery volumes and market share data in upcoming months to gauge how the launch is being received.