The accreditation, approved by the Automotive Research Organization of India (ARAI) under the aegis of the Ministry of Heavy Industries, covers all 7 Ola S 1 Gen 3 mobility scooters. Ola Electric highlighted in its exchange filing that the Gen 3 profile, which includes the S 1 Pro 3 kWh, S 1 Pro 4 kWh, S 1 Pro+ 4 kWh, S 1 X 2 kWh, S 1 X 3 kWh, S 1 X 4 kWh and S 1 X+ 4 kWh, represents 56 % of its overall quantities and develops the majority of its existing sales.
With this, Ola Electric’s Gen 2 and Gen 3 mobility scooter portfolio now stands PLI-certified. The firm noted that the qualification makes it eligible for incentives varying from 13 % to 18 % of sales value till 2028 It added that this classification is likely to dramatically improve profitability from the 2nd quarter of FY 26 onwards.
A spokesperson for Ola Electric Movement Minimal claimed, “Safeguarding PLI qualification for our Gen 3 scooters, which develop the mass of our sales, is a vital action towards productivity. This will straight strengthen our price structure and margins, allowing us to deliver lasting development. With our automobile company targeted to transform EBITDA positive, the certification works as a solid catalyst to achieve that goal while ensuring our customers remain to get the best-in-class EVs at highly competitive prices.”
In the June quarter, Ola Electric reported a bottom line of Rs 428 crore, which tightened on a consecutive basis but widened compared with the same duration in 2015. The company stated its income cut in half to Rs 828 crore from Rs 1, 644 crore a year previously but raised sequentially. Gross margins broadened both on a year-on-year basis and compared with the previous quarter.
Throughout its annual ‘Sankalp’ event, Ola Electric also introduced brand-new product launches, consisting of the S 1 Pro Sporting activity with 5 2 kWh and 4 kWh, the S 1 Pro+ 5 2 kWh, and the Roadster X+ 9 1 kWh powered by the 4680 Bharat Cell. These are valued at Rs 1, 49, 999, Rs 1, 69, 999 and Rs 1, 89, 999 specifically. Distributions of the S 1 Pro Sport will certainly start in January 2026, while distributions of the S 1 Pro+ 5 2 kWh and Roadster X+ 9 1 kWh are readied to begin this Navratri. Likewise check out| Ola Electric shares have cut in half in 2025 Experts state Rs 57 available– should you buy?
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