Price hikes in electric scooter models? 'Unlikely', says Ola Electric

Ola Electric has ruled out any increase in the price of its electric scooter (e-scooter) models because of implementaion of the new more stiffer saftey norms for electric vehicles.  It called such a move ‘unlikely’.

The government has extended the earlier October 1 deadline for the implementation of new battery testing norms for electric vehicles (EVs).

OLA IS IN variance with some EV and lithium ion (Li-ion) battery makers who have said this could lead to an increase in costs by 10 per cent or more.  

Arun Kumar GR , chief financial officer, Ola said: “There will hardly be any