Ola Electric Mobility Limited has informed the Exchange regarding a press release dated October 06, 2025, titled "Ola Electric Becomes India s First Automotive OEM To Get Government Certification For its In-House Developed Ferrite Motor".
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Ola Electric Mobility Limited has announced that it has become India's first automotive OEM to receive government certification for its in-house developed Ferrite Motor. This certification, dated October 06, 2025, marks a significant milestone in the company's indigenous EV technology development. The Ferrite Motor is developed entirely in-house, reducing dependency on imported components. This positions Ola Electric ahead of competitors in terms of regulatory approval for motor technology used in electric vehicles.
Positive for shareholders as it validates Ola Electric's R&D capabilities and strengthens its position in the domestic EV supply chain, potentially reducing costs and improving margins over time.