Ola Electric’s Muhurat Mahotsav Inventory Sells Out in 5 Minutes

New Delhi, 24 September: Ola Electric conducts Muhurat Mahotsav sale, with Day 1 inventory selling out in minutes. The unprecedented sale sold out its Day 1 inventory in five minutes. This quick sellout reflects the growing importance of electric two-wheeler in India and Ola’s enormous brand pull that it has created in the EV industry.

The share price of the company settled at ₹56.70, down ₹1.54 points or 2.64% from its previous close of ₹58.24, due to profit booking. The stock was opened at ₹58.45 and traded between ₹58.60 and ₹56.53, with the respective intraday high and low accordingly.

Festive Discounts Drive Unmatched Demand

This spike, according to the company, was driven by short-term, limited-time festive offers, which presented prices as low as ₹49,999 for its best-selling S1 scooters and even the new RoadsterX motorcycles. Thousands of buyers logged in simultaneously in the Muhurat slot to take advantage of the special deals, resulting in a record-breaking surge. Ola referred to this overwhelming response as evidence of its mission to make EVs accessible and affordable for Indian households.

Sale to Run Until October 1

The Muhurat Mahotsav will be conducted until October 1st, with new slots opening every day at special Muhurat timings. This format will give buyers more time to get scooters and motorcycles at a low price.

Expanding Product Portfolio

Ola’s S1 Gen 3 variants include the Ola S1 Pro+ and Ola S1 Pro, available in various battery options, with a price range of Rs 1.20 lakh to Rs 1.69 lakh. Backed by vertical integration in manufacturing and battery technology, Ola aims to solidify its leadership in the EV space in India, which is experiencing rapid growth.

REF: https://nsearchives.nseindia.com/corporate/OLAELECTRIC_24092025114746_Press_Release_OEM.pdf

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