Ola Electric Mobility Limited has informed the Exchange regarding a press release dated April 03, 2026, titled "Ola Electric secures PLI Certification for Roadster X+ 4.5 kWh".
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Ola Electric has received PLI certification from the Global Automotive Research Centre (GARC) for its Roadster X+ 4.5 kWh electric motorcycle. This is the first motorcycle in the Roadster portfolio to achieve PLI certification under the PLI-Auto Scheme. The certification confirms Domestic Value Addition (DVA) compliance, making the model eligible for government-linked production incentives. The company highlighted this as validation of its deep localisation and indigenous EV ecosystem efforts. Ola also mentioned recent cost efficiencies from its Gigafactory enabled a significant price cut on the Roadster 9.1 kWh variant (from ₹1,89,999 to ₹1,29,999), demonstrating improved economies of scale.
The PLI certification validates Ola Electric's localisation strategy and provides eligibility for government incentives on each unit sold, supporting margins. Combined with recent price reductions enabled by vertical integration, this strengthens Ola's competitive position in India's electric motorcycle segment.