EV Penny Stock Under Rs 30 Launches EVs at Rs 49,999 with Service Trust, Buyback Guarantee and 8-Year Warranty

On Friday, March 27, 2026, broader markets were trading under pressure, with the Nifty 50 declining 1.37 per cent to 22,987.10 on 11:30 AM. Amid this weak market sentiment, Ola Electric Mobility share price were trading 0.96 per cent higher at Rs 24, following the company’s announcement of its #EndICEAge campaign, under which EVs are being offered at a starting price of Rs 49,999 along with benefits of up to Rs 50,000, including a Service Trust Guarantee, Buyback Guarantee, and an 8-year extended warranty.

Ola Electric launches #EndICEAge campaign with EVs starting at Rs 49,999

Ola Electric has launched its #EndICEAge campaign, aiming to accelerate the shift towards electric mobility in India. As part of the initiative, the company is offering select EV models at a starting price of Rs 49,999, making electric vehicles more accessible to a wider set of consumers. The campaign is positioned as a push to drive adoption amid rising fuel prices and increasing focus on energy independence.

Ola Electric offers benefits of up to Rs 50,000 across its EV portfolio

Along with aggressive pricing, Ola Electric is providing additional benefits of up to Rs 50,000 across its product portfolio, valid for a limited period. These incentives are designed to enhance the overall value proposition for customers and encourage faster decision-making, especially in the entry and mid-level EV segments.

Ola Electric Introduces Service Trust Guarantee, Buyback Guarantee, and extended warranty

To strengthen customer confidence, the company has introduced multiple ownership assurance measures, including a Service Trust Guarantee that offers compensation in case of service delays, a Buyback Guarantee ensuring future value certainty, and an 8-year extended warranty across its vehicle portfolio. These initiatives are aimed at addressing key concerns around EV ownership and improving long-term customer experience.

Ola Electric expands ‘Ola Insiders’ program to 150+ cities; over 50,000 customers show early interest with upgrade benefits

On March 25, 2026, Ola Electric announced the expansion of its ‘Ola Insiders’ Upgrade Program to over 150 cities following a strong initial response, with over 50,000 customers showing interest within days of launch. With this expansion, the program now covers around 80 per cent of customers across India, enabling existing Gen 1 and Gen 2 users to seamlessly upgrade to the latest Gen 3 S1 scooters and Roadster motorcycles through Ola’s retail network. As part of the initiative, customers can avail upgrade benefits of up to Rs 50,000, add-on benefits of up to Rs 20,000 on additional purchases, and referral rewards of up to Rs 5,000 in Ola credits along with cashback for referred buyers, aimed at enhancing customer engagement and accelerating adoption of its latest EV portfolio.

About Ola Electric 

Ola Electric Mobility Ltd is one of India’s leading electric vehicle manufacturers, focused on building vertically integrated EV technology and manufacturing capabilities. The company designs and produces electric scooters, motorcycles, and key components such as battery cells, supported by its Futurefactory in Tamil Nadu and a dedicated Battery Innovation Centre in Bengaluru. With a strong focus on innovation, Ola Electric operates across India with a direct-to-customer distribution network and continues to expand its presence in the EV ecosystem. 

Over the past one year, Ola Electric’s share price has declined by 53.38 per cent, underperforming the industry, which delivered a return of 30.07 per cent during the same period.

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Disclaimer: The article is for informational purposes only and not investment advice.