Ola Electric has collaborated with IDFC First Bank & L&T Financial Services to offer industry’s lowest interest rates for financing its top-of-the-line S1 scooter.
In collaboration with esteemed financing partners such as IDFC First Bank and L&T Financial Services, Ola Electric provides customers with the industry’s lowest interest rates of 6.99% for a 60-month tenure, along with zero down payment.
This strategic move underscores Ola Electric’s commitment to ending ICE-age and its mission to make EVs more affordable and accessible to the masses.
Customers now have the opportunity to own an Ola scooter without any initial payment, along with the advantage of highly competitive monthly installments.
Ankush Aggarwal, Chief Business Officer at Ola, expressed pride in the strong partnerships forged with leading financing institutions, enabling attractive options not only in Tier 1 cities but also in Tier 2 and 3 cities.
Aggarwal highlighted India’s significant potential for EV adoption in the two-wheeler segment and emphasized that Ola’s financing offers set new benchmarks in the industry, ensuring customer convenience in owning an EV.
The cost of owning an EV is now half that of owning a traditional internal combustion engine (ICE) vehicle, further encouraging EV adoption. Ola is dedicated to expediting the transition to EVs and making them the preferred choice for everyone.
Customers can explore these financing options both online and offline by visiting their nearest Experience Centre to receive comprehensive information before finalizing their purchase through the Ola app.
With over 700 Experience Centres, Ola boasts India’s largest direct-to-consumer automobile retail network and plans to open its 1000th Experience Centre in August. The S1 lineup, including the S1 Pro, S1, and S1 Air models, showcases a sleek and minimalist design, cutting-edge technology, and exceptional performance.
Ola Electric has consistently dominated sales charts in the electric two-wheeler segment for three consecutive quarters, leading India’s transition towards eco-friendly transportation solutions.