Ola Electric Mobility shares gained nearly 20% this week, hitting ₹57.50 on Friday after a 5% intraday rise. The surge was fueled by positive policy triggers and strong company-specific developments.
The highlight for investors was the Production Linked Incentive (PLI) certification granted to Ola’s Gen 3 scooter portfolio, a development expected to strengthen the company’s growth prospects.
PLI Certification for Gen 3 Scooters
In an exchange filing on August 26, the company announced that it had received PLI certification under the automobile and auto components scheme, approved by the Automotive Research Association of India (ARAI) under the Ministry of Heavy Industries.
The certification covers all seven models in the S1 Gen 3 line-up, including:
S1 Pro 3 kWh
S1 Pro 4 kWh
S1 Pro+ 4 kWh
S1 X 2 kWh
S1 X 3 kWh
S1 X 4 kWh
S1 X+ 4 kWh
With both its Gen 2 and Gen 3 scooters now PLI-certified, Ola management expects profitability to improve significantly from Q2FY26, as the Gen 3 portfolio forms the bulk of its current sales.
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Investor Sentiment Strengthens
The dual impact of PLI certification and ongoing GST policy discussions has boosted investor confidence in the stock. Analysts believe that the compliance recognition will not only reduce costs but also provide a long-term competitive advantage in the fast-growing EV market.
The rally highlights how policy support and certification milestones can directly influence investor sentiment in emerging sectors like electric mobility.
✅ Key Highlights:
Ola Electric shares jumped 20% this week, closing at ₹57.50.
Company’s Gen 2 and Gen 3 scooters received PLI certification.
Certification covers seven Gen 3 models.
Management expects profitability boost from Q2FY26.
Policy triggers and certification fueled investor confidence.
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