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Ola Electric gains PLI certification, boosting scooter sales and profitability with up to 18% incentives.
Ola Electric has received PLI certification for its Gen 3 scooter portfolio, enabling the company to receive incentives of up to 18% of sales value until 2028.
This certification, granted by the Automotive Research Association of India, covers seven models and is expected to significantly boost the company's profitability starting from the second quarter of FY26.
The certification also led to a surge in Ola Electric's share price.
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Ola Electric obtiene la certificación PLI, aumentando las ventas de scooters y la rentabilidad con incentivos de hasta un 18%.