India, Aug. 26 -- Shares of electric vehicle major Ola Electric jumped as much as 7% to INR 52 apiece during the intraday trading session on the BSE today. The rally came after the company secured PLI certification for its Gen 3 scooter portfolio.
With this, Ola Electric's Gen 2 and Gen 3 scooter portfolios are now PLI-certified, and the company expects that the move will boost its profitability from Q2 FY26 onwards.
"Securing PLI certification for our Gen 3 scooters, which form the bulk of our sales, is a critical step towards profitability. This will directly strengthen our cost structure and margins, enabling us to deliver sustainable growth," an Ola Electric spokesperson said.
The PLI certification makes Ola Electric eligible for i...
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