Ola Electric expands S1 Gen 3 scooter deliveries amid stock market volatility

Ola Electric, India‘s largest electric vehicle (EV) manufacturer, has commenced deliveries of its S1 Gen 3 scooters across India. This expansion aims to reinforce the company’s stronghold in the country’s evolving EV market while bringing advanced two-wheeler technology to a wider consumer base. The deliveries are being facilitated through a combination of Ola’s direct-to-consumer retail stores and its at-home delivery service.

The launch of the S1 Gen 3 portfolio comes at a pivotal time for Ola Electric. While the company has successfully positioned itself as a leading EV brand, its stock has faced considerable market volatility due to financial concerns, an ongoing insolvency petition against one of its subsidiaries, and investor skepticism over recent sales performance. The nationwide rollout of these scooters represents a crucial step in stabilizing market confidence and driving consumer demand.

What Are the Key Features of Ola Electric’s S1 Gen 3 Scooters?

The S1 Gen 3 scooters introduce several technical enhancements over previous models, making them more efficient, cost-effective, and powerful. The new platform delivers a 20% boost in peak power, allowing for better acceleration and overall performance. The range has been extended by 20% per charge, addressing a major consumer concern about EVs. Additionally, manufacturing cost reductions of 11% have enabled Ola Electric to make these scooters more competitively priced, further increasing accessibility.

A notable addition to the Gen 3 models is the mid-drive motor and chain drive system, optimizing power transmission and durability. An integrated Motor Control Unit (MCU) enhances energy efficiency, ensuring riders get the most out of each charge. The introduction of a dual Anti-lock Braking System (ABS) represents a first in the segment, significantly improving rider safety. Ola Electric’s proprietary brake-by-wire technology dynamically adjusts braking between regenerative and mechanical modes, enhancing control and increasing energy recovery by 20%.

What Makes the S1 Pro+ and S1 Pro Stand Out?

The flagship S1 Pro+, available in 5.3kWh and 4kWh battery variants, caters to performance-oriented riders. The 5.3kWh variant, powered by the 4680 Bharat Cell, delivers an exceptional range of 320 km per charge, while the 4kWh version offers 242 km. With a 13 kW motor, the S1 Pro+ reaches a top speed of 141 km/h, accelerating from 0 to 40 km/h in just 2.1 seconds.

The S1 Pro, available in 4kWh and 3kWh battery configurations, provides similar features but at a slightly lower price point. Both models include four riding modes—Hyper, Sports, Normal, and Eco—allowing riders to adjust their scooter’s performance based on road conditions and battery needs. Dual ABS and high-performance disc brakes ensure maximum safety. The improved seat design, along with ergonomic enhancements, makes long rides more comfortable. The S1 Pro+ and S1 Pro are available in colors such as Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue, and Midnight Blue.

How Does the S1 X Series Offer Affordability Without Compromising Quality?

For budget-conscious buyers, Ola Electric has introduced the S1 X+ and S1 X models, which offer a balance between performance and affordability. The S1 X+ (4kWh variant) is powered by an 11 kW mid-drive motor, reaching a top speed of 125 km/h, with an acceleration of 0-40 km/h in just 2.7 seconds.

The standard S1 X models, available in 4kWh, 3kWh, and 2kWh battery configurations, come with a 7 kW motor that delivers top speeds ranging from 123 km/h to 101 km/h. These scooters are designed for daily commuters, featuring a 4.3-inch color display, sporty body decals, and redesigned seat foam for added comfort.

Why Is Ola Electric’s Stock Facing Market Volatility?

Despite the strong demand for the S1 Gen 3 scooters, Ola Electric’s stock has experienced significant fluctuations. On March 21, 2025, the stock price rose 8.40% to ₹56 per share, reflecting short-term investor optimism. However, it remains 65% below its all-time high of ₹157.53, indicating continued concerns about the company’s financial stability.

A major factor contributing to the recent stock volatility is an insolvency petition filed against Ola Electric Technologies, a subsidiary of Ola Electric Mobility, by Rosmerta Digital Services. This legal dispute over alleged payment defaults led to a 6% drop in share value, bringing the stock to an all-time low of ₹47.4 on March 17, 2025.

Additionally, Ola Electric reported a ₹5.64 billion loss for the October-December 2024 quarter, largely attributed to declining sales and deep discounting strategies aimed at maintaining market share. Investor concerns were further heightened by discrepancies in February 2025 sales figures, although the company clarified that these issues were caused by temporary registration delays and vendor negotiations rather than regulatory troubles.

Should Investors Buy, Sell, or Hold Ola Electric’s Stock?

Market analysts remain divided on Ola Electric’s stock outlook. While seven brokerage firms have issued a ‘hold’ rating, the median price target stands at ₹73 per share. Despite the stock’s turbulent performance, 100% of Moneycontrol users have recommended a buy, suggesting confidence in its long-term potential.

For investors, the decision depends on their risk appetite. Those with a long-term investment horizon and confidence in Ola Electric’s recovery may view the stock as an opportunity at its current price. Shareholders may choose to hold their positions, observing how the company navigates legal and financial hurdles. Conversely, risk-averse investors concerned about ongoing financial instability may consider selling.

What Lies Ahead for Ola Electric?

Beyond scooters, Ola Electric is expanding aggressively into the EV motorcycle market. The newly launched Roadster X series features three models, with prices starting at ₹74,999 and premium versions offering an industry-leading 501 km range per charge.

The company is also scaling its direct-to-consumer network, now boasting 750+ retail locations across India. Further investment in manufacturing and R&D includes the Ola Futurefactory and the upcoming Ola Gigafactory in Tamil Nadu, supported by the Bengaluru-based Battery Innovation Centre (BIC).

As India’s EV market continues to grow, Ola Electric’s ability to maintain financial stability while scaling innovation and production will determine its future success.