- Ola Electric
- Ola S1 Pro+
- Ola S1 Pro
- Ola S1 X
Ola Electric Begins Deliveries For S1 Gen 3 E-Scooters
- by MT Bureau
- March 23, 2025

Benglauru-based electric vehicle manufacturer Ola Electric has commenced deliveries for its S1 Gen 3 scooter portfolio across India. The S1 Gen 3 portfolio includes the flagship S1 Pro+ along with S1 Pro and S1 X.
The S1 Pro+ comes with two battery options 5.3kWh and 4kWh and is powered by a 13kW motor, which comes with claimed top speed of 141 kmph and 128 kmph respectively with a brisk acceleration of 0-40 kmph in just 2.1 and 2.3 seconds. The S1 Pro has a claimed range of 320km (IDC), while the 4kWh S1 Pro+ comes with claimed 242km (IDC). The e-scooter has four riding modes – Hyper, Sports, Normal and Eco – and gets dual ABS and disk brakes in front and rear
Ola Spokesperson, Ola Electric said, "The overwhelming response to our S1 Gen 3 scooters reaffirms our commitment to accelerating India's transition to electric mobility. We're excited for our customers to experience the superior performance, enhanced safety features, and improved efficiency that the Gen 3 portfolio offers."
The company claims the Gen 3 platform now sports a mid-drive motor and chain drive for optimised performance and reliability and an integrated MCU (Motor Control Unit) for better range and efficiency. Compared to the previous generation e-scooters, the Gen 3 offers 20 percent increase in peak power, 11 percent cost savings and 20 percent higher range.
Ola Electric shared that the Gen 3 platform also comes with category-first dual ABS (Anti-lock Braking System) and patented brake-by-wire technology for e-scooters.
On the other hand, the S1 Pro is powered by an 11 kW mid-drive motor, offers 4kWh and 3kWh variants with top speeds of 125 kmph and 117 kmph. It has a claimed range of 242 km and 176 km (IDC) respectively. Both accelerate 0-40 kmph in 2.7 seconds, featuring four riding modes – Hyper, Sports, Normal and Eco – plus single ABS and dual disc brakes. Available in Porcelain White, Industrial Silver, Jet Black, Stellar Blue and Midnight Blue, the S1 X+ flagship matches the 4kWh S1 Pro’s 125 kmph speed and 242 km range, adding new seat foam, sporty decals, a 4.3-inch display, a front disc brake, and colour options like Passion Red.
The S1 X, aimed at value-conscious buyers, comes in 4kWh, 3kWh and 2kWh variants with a 7kW motor, hitting claimed top speeds of 123 kmph, 115 kmph and 101 kmph, and ranges of 242 km, 176 km and 108 km (IDC). These accelerate 0-40 kmph in 3.0, 3.1 and 3.4 seconds, with a 4.3-inch display, decals, improved seating and four riding modes, available in five colours. The new Roadster X series starts at INR 74,999, with the Roadster X+ 4.5kWh at INR 104,999 and the 9.1kWh model (4680 Bharat Cell) at INR 154,999, offering a 501 km range.
- Wardwizard Innovations & Mobility
- Joy e-bike
- Joy e-rik
- Yatin Sanjay Gupte
Wardwizard Maintains Profitability in FY25 Despite Revenue Decline, PAT at INR 63.6 Million
- by MT Bureau
- May 01, 2025

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.
The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.
Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.
Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”
In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.
During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.
“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.
- Ajay Dhiman
- OPG Mobility
- Okaya EV
- Subros
- Honda
- Renault
- Nissan
- Sonalika Group
- Anshul Gupta
OPG Mobility Appoints Ajay Dhiman As President, COO & CTO To Lead EV Business
- by MT Bureau
- May 01, 2025

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.
In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.
He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.
Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”
Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”
- Maharashtra Electric Vehicle Policy 2025
- Devendra Fadnavis
- subsidies
- incentive
Maharashtra Government Announces INR 19 Billion EV Policy 2025 To Drive Green Vehicle Adoption
- by MT Bureau
- April 30, 2025

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.
The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.
As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.
Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.
The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.
Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."
- Switch Mobility
- Switch leV3
- Mahesh Babu
- Indore Municipal Corporation
- Kailash Vijayvargiya
- Pshyamitra Bhargav
- Indore
Switch Mobility Flags Off 100 Modified Switch leV3 For Indore Municipal Corporation
- by MT Bureau
- April 30, 2025

Ashok Leyland’s electric vehicle brand Switch Mobility has flagged off 100 customised Switch IeV3 SCVs for waste management for the Indore Municipal Corporation. The company stated that the EVs will further reduce carbon emissions, lower noise pollution and improve operational efficiency, which will further strengthen Indore’s reputation as India’s cleanest city.
The vehicles handover ceremony saw participation by Kailash Vijayvargiya, Minister of Urban Development and Housing and Pushyamitra Bhargav, Mayor of Indore.
Mahesh Babu, CEO, Switch Mobility, said, "We are proud to partner with Indore in its inspiring journey towards a cleaner, greener future. Indore has consistently set an example for the entire nation by being ranked India’s cleanest city, and we are honoured to contribute to maintaining and elevating that standard. Through our Switch IeV3 vehicles and our proprietary Switch iON connected mobility platform, we aim to deliver intelligent, sustainable solutions that help cities thrive in a cleaner environment."
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