Shares of Ola Electric surged over 17%, driven by strong buying momentum and heavy volumes. Over the past month, the stock has gained 40%.
The stock opened at ₹55.20 and quickly moved up to a high of ₹58.37, while the day’s low stood at ₹54.50. Compared to its previous close of ₹54.05, Ola Electric showed significant early strength.
The stock has seen a 52-week low of ₹39.60 and a high of ₹126.99, highlighting its wide trading range over the past year.
In the meantime, on August 26, 2025, Ola Electric received Production Linked Incentive (PLI) certification from ARAI for its Gen 3 scooter range. With both Gen 2 and Gen 3 scooters now PLI-certified, Ola is eligible for incentives of 13%–18% of determined sales value (DSV) until 2028. The Gen 3 portfolio—S1 Pro, S1 Pro+, S1 X, and S1 X+ variants—forms the bulk of current sales, and the certification is expected to boost profitability from Q2 FY26.
At its ‘Sankalp 2025’ event, Ola also unveiled new models: S1 Pro Sport (₹1,49,999–₹1,69,999), S1 Pro+ 5.2 kWh (₹1,69,999), and Roadster X+ 9.1 kWh (₹1,89,999). Deliveries start January 2026 for S1 Pro Sport and Navratri 2025 for the other two.
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