Ola Electric’s stock has been on a roll, jumping more than 14% in the past two days. As of 11:01 AM, the shares were trading 3.37% higher at Rs 56.69.
The surge comes after the company announced that its entire Gen 3 scooter lineup has secured PLI (Production-Linked Incentive) certification.
All seven models in the S1 Gen 3 series have now been approved, marking a major milestone for Ola Electric. These Gen 3 scooters make up 56% of the company’s total sales, so this certification is particularly significant.
With both its Gen 2 and Gen 3 scooters now PLI-certified, Ola Electric is set to benefit from incentives ranging from 13% to 18% of sales value until 2028. The company expects this boost to profitability to start reflecting from this quarter itself.
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