Tuesday, 26 August, 2025
Ola Electric Secures PLI Certification for Gen 3 Scooters, Boosting Profitability
Ola Electric has received Production Linked Incentive (PLI) certification from the Automotive Research Association of India (ARAI) for its Gen 3 scooter lineup, including S1 Pro and S1 X models in various battery capacities. This certification, valid until 2028, qualifies the company for incentives up to 18% of the determined sales value. Ola anticipates this move will enhance profitability starting Q2 FY26, strengthening its cost structure and margins.
Read full story at Economic Times