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Tata Capital > Blog > Loan for Vehicle > Top 5 Electric Scooters Under 1 Lakh In India

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Top 5 Electric Scooters Under 1 Lakh In India

Top 5 Electric Scooters Under 1 Lakh In India

It is widely believed that anything electric is expensive. And that might have been true earlier but not any longer. We live in exciting times where technology is advancing at an unfathomable speed. And most importantly, not at the cost of our environment. Electric scooters are part of that journey. There are many available in different price ranges, but here, we’ll be discussing the best electric scooters below 1 Lakh.

A recent study by Redseer estimated that electric two-wheelers will witness a whopping 78% growth by 2030. So, if you’re planning on buying an electric scooter, you’re ushering in the next generation of two-wheelers.

Today the market offers a variety of electric scooters at exciting prices. Choosing one that meets your needs but doesn’t strain your pocket can seem like looking for a needle in a haystack. But, worry no more because here we have sifted through the hay for you.

This blog explores the best electric scooters under 1 lakh so that you can book your dream two-wheeler tomorrow!

Top 5 electric scooters under 1 Lakh in India

With rising pollution levels and exponential fuel prices, electric vehicles are gaining popularity. The advantages to owning an electric scooter are many. Not only do they have a low running cost, being powered by a rechargeable battery, but they are also eco-friendly and make less noise as compared to their fuel-driven counterparts. So, before you scroll further, give yourself a pat on the back for choosing the planet!

Here we have a consolidated list of the top electric scooters below 1 lakh so that soon you can drive your pride and joy home in no time!

  1. Ola S1

We start the list with the in-demand Ola S1. You might know Ola as the Indian-born ridesharing company, but it is now expanding into the electric scooter market too. Ola launched the Ola S1 late last year and was greeted with immense popularity. The CMO of Ola even remarked that the number of people that pre-registered for the electric scooter was unprecedented. In the first quarter of the new financial year, Ola made the second highest sales, with 32,729 models sold to eager customers.

Below are the specifications of the Ola S1.

Battery Capacity2.98 kWh
Charging Time5 hours
Range121 Kilometres
Highest speed90 Kmph
PriceRs 97,706

Ola S1 is a top electric scooter for under 1 lakh in India. With its stylish design and affordable technology, its demand is sure to grow.

  1. TVS iQube Electric

TVS is one of the oldest names in two-wheeler manufacturing. Founded in 1978, the Chennai-based company has continued to deliver powerful automation through the years. The TVS iQube Electric is no exception. It is an impressive launch and is definitely one of the best electric scooters under 1 Lakh in India currently.

Below are the specifications of the TVS iQube Electric.

Battery Capacity3.04 kWh
Charging Time5 hours
Range75 kilometres
Highest speed78 Kmph
  Price  Rs 92,989

The TVS iQube Electric comes with added features like parking assist, a large dashboard, and comfortable storage, making it a strong competitor on this list.

  1. Hero Electric Photon

If you like a vintage touch to your scooters, look no further. This electric scooter has a stunning exterior with curved edges and a LED headlamp, and alloy wheels that will make heads turn. It was launched in 2014 and continues to be one of the top electric scooters under 1 lakh in India.

Additionally, Hero electric held the largest market share at 35% in the country in 2021. They are also rumoured to be acquiring a $250 million investment to expand its production and retain its position as the market leader.

Below are the specifications of the Hero Electric Photon.

Battery Capacity1.87 kWh
Charging Time5 hours
Range108 Kilometres
Highest Speed45 Kmph
PriceRs 80,940

This electric scooter comes packed with some exciting features like telescopic suspension, an anti-theft alarm, and an intelligent digital instrument cluster.

  1. Okinawa Ridge Plus

Okinawa Autotech was second to Hero Electric last year in terms of market share but has started FY2023 with a bang. In a matter of a mere four months, they stand No.1 with 35,386 models already home with their owners.

Electric scooters are the technology of the future, and the Ridge Plus embodies just that. With a chic, sharp look, its presence on the road is hard to miss. With the shortest charging time on this list, it is a worthy contender for the best electric scooter under 1 lakh.

Below are the specifications of the Okinawa Ridge Plus

Battery Capacity1.75 kWh
Charging Time2-3 hours
Range120 kilometres
Highest Speed55 Kmph
PriceRs 69.783

Okinawa Autotech is a relatively young company, having launched only in 2015, but their electric scooters are already making waves in the market with their visionary design and attractive prices.

  1. Bounce Infinity E1

The Bounce Infinity E1 is the last on our list of top electric scooters below 1 Lakh. Bounce, a Bangalore-based bike rental startup, launched the bounce Infinity E1 last year and began deliveries in April 2022. The company also plans to open a second manufacturing unit in south India with an annual capacity of 5,00,000 units.

What makes Bounce the most interesting electric scooter on this list is its unique ‘Battery as a Service’ or BaaS option. They are the first electric scooter manufacturer in the country to offer BaaS. This option allows you can buy the electric scooter for a nominal price of Rs 45,099 without the battery and the charger and instead take a monthly subscription plan. This is an economical alternative as it reduces the initial payment amount substantially.

Below are the specifications of the Bounce Infinity E1

Battery Capacity1.9 kWh
Charging Time4-5 hours
Range85 Kilometres
Highest Speed65 Kmph
PriceRs 69.999

This electric scooter below 1 Lakh has a minimalist design with attractive colour options for you to choose from.

Wrapping up

The compound annual growth rate (CAGR) for the retail sale of electric scooters is projected at 63.9% between 2020 and 2025, with a sales value of over $1 Billion by 2025. The market is booming with electric vehicles and eco-friendly vehicles.

Finding the best electric scooter under 1 lakh that meets your needs and complements your life is now easier. The ones we have listed down are the best the market is offering in the price bracket of below 1 lakh. The features and models available are sure to catch your attention.

The best news is that a sustainable tomorrow doesn’t come at the cost of a happy today.

Many states in India offer subsidies on electric scooters to incentivise people to shift from fuel-driven vehicles. Do remember to check out rates in your state and others to get the best possible price for your electric scooter.

Additionally, financial institutions such as Tata Capital offer quick and convenient vehicle loans so that you don’t have to dip into your savings for a brand-new shining electric scooter. We provide easy vehicle loans at attractive interest rates and flexible EMI options. Visit our website to learn more about our offerings and apply online.

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