Ola Electric Mobility Limited has informed the Exchange regarding a press release dated March 19, 2026, titled "Ola Electric Launches Navratri Mahotsav Scales Ola Insider Upgrade Program Across India".
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Ola Electric has launched a limited-period festive campaign called Navratri Mahotsav running across its S1 scooter and Roadster motorcycle portfolio, offering benefits worth over ₹30,000 per purchase. Offers include cash discounts up to ₹9,999, an 8-year extended warranty, and instant cashback up to ₹10,000 on EMI payments via select credit cards. Each day features a 90-minute Muhurat window with limited units of the S1 Pro+ 4kWh at ₹99,999 and the Roadster X+ 4.5kWh at ₹79,999. The company also announced the expansion of its Ola Insider Upgrade Program — initially piloted in select cities — to 60% of its customer base across India, allowing existing Gen 1 and Gen 2 owners to upgrade to Gen 3 products.
This is a promotional and marketing announcement aimed at driving sales volumes during the festive period rather than a material corporate event. Short-term, it could help boost bookings and clear inventory, but there is no change to financial guidance, order book, or regulatory status. Shareholders should view this as a routine seasonal sales push with limited impact on long-term valuation.