ARAI has sent an email to Ola Electric, seeking an explanation on how the company is retailing the S1 X 2 kWh scooter below the stated ex-factory price of Rs 75,001 to claim Rs 10,000 subsidy.

As part of the sale, Ola is offering the S1 electric scooter at a starting price of ₹49,999. This move comes amid a slump in sales, with September marking the company's lowest sales this year—23,965 units,

Government questions Ola Electric Mobility for not informing price change, impacting subsidy eligibility under PM E-DRIVE scheme.

Ola Electric share price declined as Automotive Research Association of India asked the company to provide clarification about a price reduction for its S1 X 2 kWh model in its recently announced sale

Shares of Ola Electric Mobility drop 3% amid regulatory scrutiny from ARAI over unreported price cuts on its S1 X 2kWh model, which may affect subsidies under the PM E-DRIVE scheme. The company offers significant discounts in its ‘BOSS 72-hour Rush’ sale.