Ola Electric has announced an upgrade programme for customers owning its Gen 1 and Gen 2 scooters and motorcycles, allowing them to move to newer Gen 3 models.
Founder and CEO Bhavish Aggarwal said that existing customers in Bengaluru will be the first to access the scheme, beginning this weekend. Detailed pricing, exchange values, and rollout timelines have not yet been disclosed.
The programme covers Gen 3 products including the S1 Pro, S1 Pro+, and S1 X electric scooters, as well as the Roadster, Roadster X and Roadster X+ motorcycles. Variants equipped with the company’s in-house 4680 “Bharat cell” battery technology are also eligible.
Current ex-showroom pricing for Gen 3 models starts at ₹82,999 (after subsidy, including charger and Move OS+ lifetime subscription) for the S1 X 2kWh variant, rising to ₹1,89,999 for the Roadster X+ 9.1kWh variant (including charger and Move OS+ lifetime subscription). Select models qualify for incentives under the Government of India’s PM E-Drive production-linked incentive scheme.
The upgrade announcement comes as Ola Electric works to stabilise its market position. The company’s share of India’s electric two-wheeler market declined from 36.7% in 2024 to 16.1% by the end of 2025. Total sales for calendar year 2025 stood at 1,96,767 units, while competitors including TVS Motor Company, Bajaj Auto and Ather Energy gained ground.
During the company’s recent earnings call, CFO Deepak Rastogi acknowledged that customer trust had been impacted by execution gaps in service operations, particularly long turnaround times. In a February 13 shareholder letter, Aggarwal described the third quarter of FY26 as a “structural reset” period for the company, identifying service execution as its primary challenge. He stated that service backlogs have been reduced by nearly 50% and that close to 80% of service requests are now completed within a day.
As part of its restructuring, Ola Electric is also cutting operating costs and reducing its offline retail footprint to 550 locations nationwide, down from roughly 4,000 at its peak.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!