Ola Electric Refund: Company all set to pay back Rs 130cr to 1 lakh customers, checkout the reasons behind the move

Ola Electric Refund: Ola Electric has made the choice and is set to reimburse Rs 130 crore to its 1 lakh clients. This is because the company also offers chargers to clients who purchase Ola electric scooters, and the government was looking into this.The Ministry of Heavy Industry was probing whether Ola was charging customers extra. Now Ola Electric has written a letter to ARAI informing that it is going to refund the money to customers who bought chargers as accessories.

Know about the price

It should be mentioned that when it was discovered that OEMs were pricing their scooters within Rs 1.50 lakh in order to qualify for the FAME-II plan, Ola Electric, Ather Energy, TVS Motor, and Hero MotoCorp came under the government’s scrutiny.

Know about the charging system

The charger, however, was a separate device that could be purchased. According to the authorities, doing this is improper. The government has ordered Ola and Ather to restore the money they took from clients as a result. Ola has consented to give the money back.The government offers subsidies to producers and purchasers of electric two-wheelers under the FAME-2 programme, and Rs 10,000 crore has been set aside for this purpose. However, the companies used to sell the required equipment separately from the scooter in order to benefit from this subsidy.

Ola Electric Refund: lower cost

Notably, Ola Electric has lowered the cost of its S1 Pro electric scooter from Rs. 1.39 lakh to Rs. 1.25 lakh, charger and software included. It used to need to be purchased Complete.Ola Electric may also provide a statement to ARAI confirming that the company has repaid the money after making the repayment. According to reports, the government has ceased providing Ola Electric with subsidies; they will resume only after the probe is finished.

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