Ola Electric Mobility shines on securing PLI certification for Gen 3 Scooter Portfolio
OLA Electric Mobility is currently trading at Rs. 50.44, up by 1.85 points or 3.81% from its previous closing of Rs. 48.59 on the BSE.
The scrip opened at Rs. 48.54 and has touched a high and low of Rs. 51.10 and Rs. 47.81 respectively. So far 22685677 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.02 on 26-Aug-2024 and a 52 week low of Rs. 39.58 on 14-Jul-2025.
Last one week high and low of the scrip stood at Rs. 54.50 and Rs. 45.21 respectively. The current market cap of the company is Rs. 22243.82 crore.
The promoters holding in the company stood at 36.78%, while Institutions and Non-Institutions held 7.34% and 55.88% respectively.
Ola Electric Mobility has received Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for automobile and auto components sector, for its Gen 3 scooter portfolio. This certification was granted by the Automotive Research Association of India (ARAI) under the aegis of the Ministry of Heavy Industries, Government of India to all of the seven Ola S1 Gen 3 scooters.
With this milestone, Ola Electric’s Gen 2 and Gen 3 scooter portfolio now stands PLI-certified. The Gen 3 portfolio comprising of S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 X 2 kWh, S1 X 3 kWh, S1 X 4 kWh and S1 X+ 4 kWh, represents the majority of the company’s current sales. As a result, this certification is set to significantly enhance Ola Electric’s profitability from Q2 FY26 onwards.
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.
