Not price cut, but festive discounts: Ola Electric on ARAI notice

Ola Electric on Tuesday told exchanges that it has not changed the price of the S1 X 2 kWh model and was just doling out festival discounts, about a week after it was issued a notice by Automotive Research Association of India (ARAI) asking why it was not informed about the price cut.

In a statement to exchanges, Ola said that it is running a limited-time festival campaign,…