Ola Electric, one of India’s leading electric vehicle manufacturer, has launched its BOSS - Biggest Ola Season Sale - campaign for the festive season.

Under the campaign, the company has reduced prices on its entry-level portfolio the – S1, which allows a customer to buy an Ola e-scooter with price starting INR 49,999.

The EV maker is also providing festive benefits of up to INR 40,000, which include Hypercharging credits, MoveOS+ upgrade and exclusive deals on accessories among others. 

Under the BOSS campaign, Ola customers can get the S1 X 2kWh starting at just INR 49,999 (limited stock); discounts up to INR 25,000 on S1 portfolio; free 8-year/80,000 km battery warranty worth INR 7,000; finance offers of up to INR 5,000 on select credit card EMIs; MoveOS+ upgrade worth INR 6,000 and Hypercharging credits worth up to INR 7,000.

Bhavish Aggarwal, Chairman and MD, Ola Electric said, “We are excited to bring in the BOSS of all offers for our customers this festive season, making it the best time to buy an EV. BOSS is our biggest ever festive offering yet, as we continue with our mission to #EndICEAge and deepen EV penetration across the country. With the biggest discounts, best deals, and attractive financing offers, this would be the perfect time for EVs to scale up and give ICE vehicles a run for their money.” 

The move can be seen as part of Ola Electric’s strategy to reaffirm its position in the e-scooter space as its competitors Bajaj Auto and TVS Motor Co gradually have reduced the sales difference. Furthermore, Ola Electric has also been facing a huge wrath of customer backlash as it’s aftersales service struggles to meet customer expectations.

Last month, Ola Electric announced the Network Partner Program, where it plans to grow the network to 10,000 by end-2025. Additionally, Ola Electric will train 100,000 third-party mechanics to make every mechanic in India EV-ready.

Furthermore, the company plans to double its service network to 1,000 centres by December this year and has rolled out quick-service guarantee and industry-first AI-led proactive maintenance and diagnostics for its customers.  

At present, Ola Electric has six offerings under the S1 portfolio –  S1 Pro and S1 Air priced at INR 134,999 and INR 107,499, respectively, the mass market offerings include S1 X portfolio (2 kWh, 3 kWh, and 4 kWh) priced at INR 74,999, INR 87,999, and INR 101,999, respectively.

At its annual ‘Sankalp’ event in August 2024, the company announced the launch of its Roadster motorcycle series, comprising Roadster X (2.5 kWh, 3.5 kWh, 4.5 kWh), Roadster (3.5 kWh, 4.5 kWh, 6 kWh), and Roadster Pro (8 kWh, 16 kWh). The motorcycles offer many segment-first technology and performance features, with their prices starting from INR 74,999, INR 104,999, and INR 199,999, respectively.

Škoda Auto has released a teaser clip of the all-new Elroq vRS, offering a first glimpse of both its exterior and interior. The world premiere is scheduled to take place digitally on 3 April 2025 and will be streamed live on Škoda’s official YouTube channel.

Following its digital unveiling, the all-electric compact SUV will make its public debut at Milan Design Week 2025 in the Padiglione d'Arte Contemporanea gallery in the Porta Venezia Design District. In keeping with Škoda's Be More Elroq campaign, the exhibition will showcase the Elroq vRS as the focal point of an experiential journey from 8 to 13 April 2025. The show will also feature the official launch of Botas sneakers, which are based on Škoda Modern Solid design principles, in honour of the company's 130th anniversary. These sneakers were created in collaboration with the Škoda Auto design team. Members of the Škoda team will wear one of the three versions that are planned for the occasion.

Folks Motor, a retrofit start-up, has announced that it will invest INR 5 billion towards capital expenditure over the next five years, it is also targeting to attain revenue of INR 5 billion revenue including INR 2 billion from domestic market and INR 3  billion in exports.

The start-up claimed it is investing towards developing India’s first retrofit warehouse and industrial park – The Blue IP – to strengthen domestic EV supply chain.

Folks Motor claims it has already started exports to Middle East and Africa, with plans to enter Europe, Latin America and Southeast Asia.

The new investment will see the start-up form strategic partnership with powertrain manufacturers, electronic manufacturing services, energy storage and system integrators.

Nikhil Anand Khurana, MD & CEO, Folks Motor, said, "At Folks Motor, we recognise the urgent need to build a robust and integrated EV ecosystem in India. With ‘The Blue IP’, the first-ever xEV-focused warehousing and industrial park, we are taking a big step toward strengthening domestic manufacturing. Our target of INR 6 billion in order book by 2030 reflects our commitment to making India a leader in the global EV supply chain. Our expansion strategy ensures that sustainable mobility is accessible to a broader audience without the financial and environmental costs of scrapping existing vehicles."

The start-up claimed that it has structured a USD 100 million ESG bond for efficient fund utilisation, which it aims to scale up to INR 2.5 billion for working capital and operational expenses.

In what may come as a boon to the electric vehicle industry in India, the Union Finance Minister Nirmala Sitharaman has announced that the government is set to do away with duties on several goods used to manufacture electric vehicle batteries.

The move is being seen as a way to support the domestic EV industry, which may be impacted by potential reciprocal US tariffs.

“We aim to boost domestic production and enhance export competitiveness by reducing duties on raw materials,” said Sitharaman.

The move is expected to exempt 35 items used to manufacture electric vehicle batteries.

The manufacturing, adoption and promotion of EVs has been a priority area for the government of India, which has introduced a wide-variety of schemes such as – Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) with a budgetary allocation of INR 26.7 billion, Electric Mobility Promotion Scheme (EMPS) with a budget outlay of INR 5 billion, PM E-Drive Scheme with an outlay of INR 109 billion, Pm e-Bus Sewa-Payment Security Mechanism (PSM) Scheme with an outlay of INR 34.3 billion and Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SMEC).

According to the latest data shared by the government of India, the country has over 4.4 million EVs registered as of August 2024, which includes 950,000 units sold in just eight months of 2024, achieving 6.6 percent market penetration.

Hyundai Motor Company today teased the INSTEROID, a playful take on a ‘dream car’. The design concept is based on its popular INSTER sub-compact electric vehicle (EV) and aims to strengthen the emotional connection with the Hyundai brand.

Combining the words ‘INSTER’ and ‘STEROID’, the name captures the fun and muscular character of this concept automobile, which is based on the INSTER production model. With significant sales in both Europe and Korea after its June 2024 worldwide premiere, INSTER has emerged as a popular EV. With its racing game-inspired look, wheel arch air vents, 21-inch wheels, a noticeable rear spoiler and diffuser and Signature Pixel LEDs, the INSTEROID enhances the production model's appearance. The company plans to unveil the INSTEROID ‘dream car’ to the public in early April 2025.