Bengaluru, June 16, 2023: Ola Electric, India’s largest EV company, continues to spearhead EV penetration in the 2W segment with its best-in-class S1 scooter lineup and lucrative financing options. Partnering with leading financing partners, including IDFC First Bank and L&T Financial Services, the company is offering the lowest interest rates at 6.99% for a tenure of 60 months at zero down payment. With this, Ola Electric asserts its commitment to #EndICEAge by making EVs more affordable and accessible to all. Customers can now take home an Ola scooter at zero down payment with industry’s lowest monthly EMIs.
Ankush Aggarwal, Chief Business Officer, Ola said: “As the market leader, we have successfully forged strong alliances with leading financing partners, offering the most lucrative options not just in Tier 1 but in Tier 2 and 3 cities as well. India has immense potential for EV 2W adoption, and our financing offers are setting new benchmarks in the industry for ease of ownership to the customers. Today, with these financing options, the cost of owning an EV is now half that of owning any ICE vehicle. At Ola, we are committed to accelerating EV adoption and making it the mainstream choice for all.”
Customers can avail these options online and offline by walking into their nearest Experience Center for a detailed download on financing options before finalizing their purchase through the Ola app. Ola currently has India’s largest D2C automobile retail network with over 700+ Experience Centers and is on track to launch the 1000th EC in August.
The S1 lineup, comprising S1 Pro, S1, and S1 Air, features a sleek and minimalist design, coupled with state-of-the-art technology and unparalleled performance. The company has been topping sales charts in the 2W EV segment for three consecutive quarters now, leading India’s transition towards clean mobility.
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