Ola Electric Secures PLI Certification for Gen 3 Scooter Portfolio, Profitability to Boost from Q2 FY26

Ola Electric Mobility Limited has announced that it has received Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for automobile and auto components sector, for its Gen 3 scooter portfolio. This certification was granted by the Automotive Research Association of India (ARAI) under the aegis of the Ministry of Heavy Industries, Government of India to all of the seven Ola S1 Gen 3 scooters. This milestone makes Ola Electric’s Gen 2 and Gen 3 scooter portfolio now stands PLI-certified, which will significantly enhance Ola Electric’s profitability from Q2 FY26 onwards. The Gen 3 portfolio represents the majority of the company’s current sales. The PLI certification makes Ola Electric eligible for incentives ranging from 13% to 18% of the determined sales value (DSV) until 2028.