Ola Electric saw its shares surge by over 9% in early morning trade today, driven by heavy trading volumes. The stock opened at ₹51.15, above its previous close of ₹50.82, and reached an intraday high of ₹55.75.
Investors actively traded Ola Electric stocks, with a total volume of 10,21,01,459 shares recorded as of 9:51 AM. The stock is currently trading well above its 52-week low of ₹39.60, though it remains below its 52-week high of ₹132.70.
In the meantime, on August 26, Ola Electric received certification for compliance under the Production Linked Incentive (PLI) scheme for automobiles and auto components. The certification, granted by the Automotive Research Association of India (ARAI) under the Ministry of Heavy Industries, covers the company’s entire Gen 3 scooter portfolio.
With this milestone, both Ola’s Gen 2 and Gen 3 scooters are now PLI-certified, making the company eligible for incentives of 13% to 18% of the determined sales value (DSV) until 2028. 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—accounts for the majority of Ola Electric’s current sales. The company expects this certification to boost profitability from Q2 FY26 onwards.
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