India, April 3 -- Listed two wheeler EV maker Ola Electric Limited has received Production Linked Incentive (PLI) certification for its electric bike, Roadster X+ 4.5 kWh. 

The certification, issued by the global automotive research centre (GARC), confirms that the Roadster X+ 4.5 kWh meets the minimum domestic value addition (DVA) requirements, making all units eligible for incentives under the PLI-Auto scheme.

The development comes amid a series of strategic moves undertaken by Ola Electric to boost sales after a lengthy period of slowdown. The company recently cut the price of its flagship Roadster X+ 9.1 kWh model, powered by the 4680 Bharat Cell, by over 31%, from Rs.1.9 Lakh to Rs.1.3 Lakh. 

It cited increased cell prod...