It also launched a sub-Rs 1 lakh variant this year on August 15, called S1.
Meanwhile, the group, which spans across ride-hailing platforms and Ola Electric, is undergoing a major restructuring exercise across its engineering verticals and may cut nearly 200 engineering jobs as part of the process.
The Softbank-backed company currently has around 2,000 engineers spread across the ride-hailing platform and Ola Electric, and the firm said it aims to increase its engineering talent pool to 5,000 over the next 18 months. But as part of the restructuring exercise, the company is laying off 10 per cent or about 200 of the 2000 engineers, according to the sources.