Ola Electric Secures PLI Boost, Profit Gains

  Published 10 months ago

Ola Electric's Gen 3 scooters receive PLI certification, unlocking 13‑18% incentives through 2028 for growth.

  • Certification covers seven Ola S1 Gen 3 variants, including Pro, X, and models across India.
  • PLI scheme awards Ola 13‑18% of the determined sales value annually until 2028, boosting profitability significantly.
  • New S1 Pro Sport, S1 Pro+, and Roadster X+ launch with 4680 Bharat Cell, priced competitively for customers.

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