Ola Electric Shares Jump 5% After PLI Nod for Gen 3 Scooters
Ola Electric’s share price surged nearly 5–7%, touching around ₹51–52, after the company announced it had secured Production Linked Incentive (PLI) certification for its Gen 3 scooter lineup. The certification makes the firm eligible for government incentives ranging between 13% and 18% of approved sales value until 2028.
Gen 3 Scooters Drive Majority Sales
The certification applies to all seven models in Ola’s Gen 3 portfolio, including the S1 Pro and S1 X variants. These scooters currently account for the bulk of Ola Electric’s sales. With this development, both Gen 2 and Gen 3 models now fall under PLI coverage, improving cost efficiencies and future profitability.
Earnings Outlook Brightens
According to the company, PLI certification marks a crucial step toward achieving profitability. Ola Electric expects the scheme to significantly boost margins beginning Q2 FY26, helping its goal of turning EBITDA positive in the near future.
Stock Momentum Building
The stock has rallied more than 23% in August alone, setting it on track for its strongest monthly performance since its August 2024 market debut. Analysts highlight that investor optimism will now hinge on execution, delivery timelines, and broader EV policy support.
