Ola Electric Scores Big Deal
Ola Electric gets PLI certification for Gen 3 Scooters
Ola Electric has been certified under the Production-Linked Incentive (PLI) scheme in regard to its Gen 3 scooter range. Issued by the Automotive Research Association of India (ARAI), the certificate verifies that the requirements placed under the eligibility assessment by the Ministry of Heavy Industries are met. It applies to all six S1 Gen 3 models.
Through this, all the scooter models in Gen 2 and Gen 3 lines of Ola will be PLI-certified. The certification qualifies Ola to receive incentives of 13–18 percent of the calculated sales value, and this is expected to enhance profitability post Q2 FY26.
ARAI (Automotive Research Association of India), under the Ministry of Heavy Industries, Government of India, has officially certified Ola Electric on its Gen 3 scooter portfolio. It means that the Ola Electric company has passed the eligibility assessment criteria under the Production Linked Incentive (PLI) Scheme of the automobile and auto components industry. The certification cuts across the seven models of the Ola S1 Gen 3 line-up; hence, they are certified under the scheme. The milestone boosts the positioning of Ola Electric in the EV segment and opens the gates to important state incentives.
PLI Boost For Ola Electric: Full Gen 3 Scooter Line-Up Certified And Set For Growth
A spokesperson from Ola Electric Mobility Limited said:
“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. With our auto business targeted to turn EBITDA positive, the certification acts as a strong catalyst to achieve that goal while ensuring our customers continue to get the best-in-class EVs at highly competitive prices.”
Did you realise that this new development would increase the financial growth of Ola Electric, especially in the rapidly expanding electric two-wheeler market? The Production Linked Incentive (PLI) Auto Scheme was approved by the central government on September 15, 2021, with a budget of ₹25,938 crore. The scheme will operate over a period of more than five years—covering advanced automakers in India from FY 2022-23 to FY 2026-27.
A major point to note is that incentive payments under this scheme will occur in the following financial years, FY 2023-24 to FY 2027-28.
(All The Inputs Are Taken From ANI)
Also Read: Want To Know Why The Indian Stock Market Is Falling? Here Are 5 Key Reasons Explained
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
Will Nitish Kumar’s Son Nishant Kumar Finally Enter Politics? Bihar CM’s Son Drops A Big Hint
Speculation over Bihar CM Nitish Kumar’s son Nishant Kumar entering politics grew after JD(U) leader…
Netflix has sealed a $72 billion deal to acquire Warner Bros Discovery’s TV and film…
Smriti Mandhana has posted for the first time on her Instagram handle since her wedding…
