Ola Electric Shares Soar 9% After Roadster X+ 9.1 kWh Price Slashed by 30%

• Ola Electric Mobility Ltd shares rallied 8.72% on April 2, trading at Rs 28.19 on the BSE.
• The company cut the price of its Roadster X+ 9.1 kWh electric motorcycle by Rs 60,000, now priced at Rs 1,29,999.
• Price reduction is due to economies of scale at its Gigafactory and vertical integration of battery technology.
• Sales will shift to a limited purchase window model, with the first window on April 3 from 6:00 PM to 9:00 PM.
• Ola Electric saw over 150% month-on-month growth in registrations in March, reaching 10,117 units.