Ola Electric Mobility Limited has informed the Exchange regarding a press release dated August 26, 2025, titled "Ola Electric secures PLI certification for its Gen 3 Scooter Portfolio; profitability to get a boost from Q2 FY26 onwards".
OLAELEC · price
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Ola Electric has received Production Linked Incentive (PLI) certification from ARAI (under the Ministry of Heavy Industries) for all seven of its Gen 3 scooter models, joining its already certified Gen 2 portfolio. The certification makes the company eligible for PLI incentives of 13% to 18% of the determined sales value (DSV) through 2028. Since the Gen 3 scooters make up the bulk of Ola's current sales, the company expects this to meaningfully boost profitability starting Q2 FY26 (the quarter ending September 2025) and help its auto business turn EBITDA positive. Separately, at its annual 'Sankalp' event the company unveiled three new products — S1 Pro Sport, S1 Pro+ 5.2 kWh, and Roadster X+ 9.1 kWh (using the 4680 Bharat Cell) — with introductory prices ranging from ₹1,49,999 to ₹1,89,999, and deliveries beginning this Navratri through January 2026.
Positive for shareholders — the 13–18% PLI incentive on a high-volume product line should directly improve margins and support the path to EBITDA positivity from Q2 FY26, while new product launches and the 4680 Bharat Cell showcase strengthen the growth narrative.