Ola Electric Mobility Limited has informed the Exchange regarding a press release dated April 18, 2026, titled "Ola Electric Announces Ola Sona Weekend with Benefits Worth up to ₹50,000 for Akshaya Tritiya".
OLAELEC · price
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Ola Electric has launched a two-day festive sales event called 'Ola Sona Weekend' on April 18-19, 2026, timed with Akshaya Tritiya. Customers can get benefits worth up to ₹50,000 across the EV portfolio, including a limited-edition Ola S1 Pro 'Sona' scooter featuring real 24-karat gold-plated elements. The Roadster X+ 9.1 kWh (powered by in-house 4680 Bharat Cell) has received a sharp ₹50,000 price cut to ₹1,39,999 (from ₹1,89,999), available during a 3-hour flash window (6 PM-9 PM) on both days. Entry-level Gen 3 S1 X (2kWh) and Roadster X (2.5 kWh) variants are priced from ₹49,999, with additional discounts up to ₹40,000, ₹10,000 credit card EMI offers, and an 8-year extended warranty.
Short-term positive for sales volumes during the festive window, but the steep ₹50,000 price slash on the Roadster X+ (a roughly 26% cut) may raise concerns about margins and signal demand or inventory pressure. Investors should watch whether the demand momentum translates into sustained bookings or just festival-driven pull.