Extending their winning streak for the second consecutive day, Ola Electric Mobility, one of the country’s major two-wheeler electric vehicle manufacturers, gained another 5.3% to touch the day’s high of ₹51.15 apiece in Tuesday’s trading session. The rise occurred after the business achieved PLI certification for its Gen 3 scooter line.
Ola Electric’s share price jumps 5%, setting it up for its largest monthly gain since listing.
On Monday, post-market hours, the firm told investors through an exchange filing that it had received certification for conformity with eligibility evaluation standards under the Production Linked Incentive (PLI) Scheme for the vehicle and auto components industry.
The accreditation covers its Gen 3 scooter portfolio, including all seven Ola S1 Gen 3 scooters, which account for the bulk of its sales. The PLI accreditation makes Ola Electric eligible for incentives ranging from 13% to 18% of the determined sales value (DSV) until 2028. The firm added that the award will immediately boost its cost structure and margins as it tries to turn EBITDA positive.
With this, Ola Electric’s Gen 2 and Gen 3 scooter portfolios are now PLI-certified. The Gen 3 range, comprising 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, constitutes the majority of the company’s current sales. As a result, the certification is expected to significantly boost Ola Electric’s profitability from Q2 FY26 onwards.
At its annual ‘Sankalp’ event, the firm also introduced new models: the S1 Pro Sport (5.2 kWh and 4 kWh versions), the S1 Pro+ (5.2 kWh), and the Roadster X+ (9.1 kWh) powered by the 4680 Bharat Cell. The firm added the deliveries for the S1 Pro Sport would begin in January 2026, while the S1 Pro+ 5.2 kWh and Roadster X+ 9.1 kWh will be available starting this Navratri.
Heads for greatest monthly gain since listing
After being under persistent negative pressure, shares of the electric two-wheeler (E2W) company mounted a spectacular turnaround in August, rising 23% so far this month. If the pace persists through the end of August, it will record the stock’s largest monthly rise since its offering in August 2024.
The optimistic streak was fueled when founder and chairman Bhavish Aggarwal, at the company’s annual Sankalp event, detailed expansion goals to acquire a 25–30% share of India’s two-wheeler EV market, supported by vertical integration and new product releases.
Despite the strong rebound, the stock remains 33% below its IPO price of ₹76 and is still down 62% from its all-time high of ₹157.
The firm also posted better-than-expected results for the June-ended quarter, showing a consolidated net loss of ₹428 crore in Q1FY26, compared with a loss of ₹870 crore in Q4FY25 and ₹347 crore in Q1FY25. Revenue, however, fell to ₹828 crore, marking a 49.6% year-on-year (YoY) decline from ₹1,644 crore.
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FAQ on Ola Electric’s PLI Certification, Stock Surge & EV Expansion
About Ola Electric & PLI Certification
What is Ola Electric Mobility?
Ola Electric is one of India’s leading two-wheeler electric vehicle (EV) manufacturers, producing scooters under the Ola S1 brand.What recent milestone did Ola Electric achieve?
Ola Electric received Production Linked Incentive (PLI) certification for its Gen 3 scooter line.What does PLI certification mean for Ola Electric?
It makes Ola eligible for government incentives ranging from 13–18% of the determined sales value (DSV) until 2028.Which scooter models are covered under PLI certification?
The Ola S1 Gen 3 portfolio, including S1 Pro 3kWh, S1 Pro 4kWh, S1 Pro+ 4kWh, S1 X 2kWh, S1 X 3kWh, S1 X 4kWh, and S1 X+ 4kWh.How will PLI benefits impact Ola Electric?
It will improve cost structures, boost margins, and help the company move towards EBITDA profitability.Are Ola’s Gen 2 scooters also PLI-certified?
Yes, both Gen 2 and Gen 3 scooter portfolios are PLI-certified.Until when will Ola receive PLI incentives?
Incentives will continue until 2028.How much can Ola save with PLI benefits?
Depending on sales volumes, incentives could range between 13–18% of DSV, significantly improving profitability.Why is PLI certification crucial for Ola Electric?
It reduces manufacturing costs, strengthens margins, and enhances investor confidence.Does PLI apply to all Ola Electric products?
Currently, it applies to Gen 2 and Gen 3 scooter portfolios, covering most of its sales.
New Ola Models & Launches
What new models did Ola announce at its Sankalp event?
S1 Pro Sport (5.2 kWh & 4 kWh), S1 Pro+ (5.2 kWh), and Roadster X+ (9.1 kWh).When will deliveries of S1 Pro Sport begin?
From January 2026.When will S1 Pro+ 5.2 kWh and Roadster X+ 9.1 kWh be available?
From Navratri 2025.What battery powers the Roadster X+?
It will be powered by the 4680 Bharat Cell.What is unique about the S1 Pro Sport?
It comes with larger battery options (4 kWh & 5.2 kWh) for longer range and performance.Which Ola scooter is designed for high performance?
The Roadster X+ with a 9.1 kWh battery.What is the main focus of Ola’s new product line-up?
Expanding battery options, improving range, and offering premium EV scooters.Do new models qualify for PLI incentives?
If manufactured under certified Gen 3 platforms, yes.What event did Ola announce these new scooters at?
The annual ‘Sankalp’ event.Are these scooters focused on premium or affordable markets?
The new models target premium EV buyers, while existing ones cater to mid-range markets.
Stock Market Performance
How much did Ola Electric’s stock rise recently?
It surged by 5.3% to ₹51.15 apiece in Tuesday’s session.What triggered this stock rise?
The PLI certification announcement for its Gen 3 scooters.How much has the stock risen in August 2025?
By around 23%.Is this Ola’s biggest monthly gain?
Yes, it’s on track to record its largest monthly rise since its August 2024 listing.What is Ola’s IPO price?
₹76 per share.Is Ola stock still below IPO levels?
Yes, it remains 33% below IPO price.What was Ola’s all-time high share price?
₹157 per share.How much is it down from its all-time high?
About 62%.What is driving investor optimism in Ola stock?
PLI certification, new product launches, and expansion targets.Will Ola stock recover fully in 2025?
It depends on sales growth, cost control, and investor confidence.
Financial Performance
What was Ola’s Q1 FY26 net loss?
₹428 crore.How does it compare to Q4 FY25?
Loss reduced from ₹870 crore to ₹428 crore.How does it compare to Q1 FY25?
Loss widened slightly from ₹347 crore to ₹428 crore.What was Ola’s revenue in Q1 FY26?
₹828 crore.What was Ola’s revenue in Q1 FY25?
₹1,644 crore.How much did revenue fall YoY?
By 49.6%.What does EBITDA positive mean for Ola?
It indicates profitability before interest, taxes, depreciation, and amortization.When does Ola expect profitability?
From Q2 FY26 onwards, supported by PLI and new products.Why did revenue fall despite new launches?
Market slowdown and transition to new models may have affected sales.How is Ola planning to improve financials?
Through vertical integration, cost control, and new EV launches.
Future Outlook & Expansion
What is Ola Electric’s market share goal?
To capture 25–30% of India’s two-wheeler EV market.How will Ola achieve this goal?
By vertical integration, localization of components, and new product releases.What role does the Bharat Cell play in Ola’s future?
It reduces import dependency and improves EV battery efficiency.Is Ola investing in battery technology?
Yes, especially in developing indigenous 4680 Bharat Cell batteries.Will Ola expand into exports?
The company has hinted at global expansion but hasn’t announced specifics yet.What makes Ola different from competitors?
Its vertical integration strategy, wide scooter portfolio, and OTT-like subscription benefits for EVs.Who is Ola’s biggest competitor?
Ather Energy, TVS, Hero Electric, and Bajaj Chetak.What is the long-term outlook for Ola Electric?
If it sustains PLI benefits, cost reduction, and product innovation, Ola could become a top EV player by 2030.What challenges does Ola face?
High losses, competition, and maintaining demand amid pricing pressures.Should investors buy Ola stock now?
It depends on individual risk appetite—analysts suggest cautious optimism given PLI benefits and expansion plans.
