IGI Logo

OLA Electric Mobility is currently trading at Rs. 36.55, up by 1.18 points or 3.34% from its previous closing of Rs. 35.37 on the BSE.

The scrip opened at Rs. 36.68 and has touched a high and low of Rs. 37.28 and Rs. 36.22 respectively. So far 5812015 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.90 on 26-Dec-2024 and a 52 week low of Rs. 30.79 on 18-Dec-2025.

Last one week high and low of the scrip stood at Rs. 37.28 and Rs. 31.98 respectively. The current market cap of the company is Rs. 16064.24 crore.

The promoters holding in the company stood at 36.78%, while Institutions and Non-Institutions held 10.02% and 53.19% respectively.

Ola Electric Mobility has received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25. 

The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of Rs 366.78 crore to be released through IFCI, the designated financial institution for disbursement under the scheme. The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.

This milestone reinforces Ola Electric’s role as a key contributor to India’s advanced automotive manufacturing ecosystem and reflects the company’s strong execution across scale, localisation, and technology-led vertically integrated manufacturing.

Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Future factory.