Ola Electric Gets PLI Certification for its Gen 3 Scooters

Ola Electric Mobility, India’s largest electric vehicle (EV) company, has taken a major step toward becoming profitable. The company has received Production Linked Incentive (PLI) certification for its Gen 3 scooter lineup. This important milestone is expected to improve the company’s financial performance starting from the second quarter of FY26.

What is PLI Certification?

The PLI certification has been granted by the Automotive Research Association of India (ARAI), under the Ministry of Heavy Industries. It covers all seven models in Ola’s S1 Gen 3 scooter series. This means that both the Gen 2 and Gen 3 scooters from Ola are now PLI-certified.

Under the PLI scheme, Ola Electric will receive government incentives between 13% and 18% of its determined sales value (DSV) until 2028. These incentives will help reduce costs and improve margins.

Details of the Gen 3 Portfolio

The Gen 3 scooter range is currently Ola Electric’s main product line. It includes the following models:

• S1 Pro 3 kWh
• S1 Pro 4 kWh
• S1 Pro+ 4 kWh
• S1 X 2 kWh
• S1 X 3 kWh
• S1 X 4 kWh
• S1 X+ 4 kWh

These models are popular among Indian EV buyers due to their features and performance.

New Scooter of Ola Electric Launches Ahead

 At its recent annual ‘Sankalp’ event, Ola Electric also announced new models:

• S1 Pro Sport (5.2 kWh and 4 kWh variants)
• S1 Pro+ 5.2 kWh
• Roadster X+ 9.1 kWh (powered by the new 4680 Bharat Cell)

Prices for these new scooters start at ₹1,49,999 and go up to ₹1,89,999. Deliveries for the S1 Pro Sport will begin in January 2026, while other models are expected to be delivered during the upcoming Navratri festival.

Ola Electric Share Price Performance

Despite the positive news, Ola Electric share price has had a mixed journey. Here's a quick look at its returns:

• 1 Day: +3.52%
• 5 Days: +9.79%
• 1 Month: +19.21%
• 6 Months: -13.53%
• 1 Year: -60.72%
• 5 Years: -46.03%

Read more: Jupiter Electric Mobility Opens First Showroom in Hyderabad to Boost EV Logistics.

Conclusion

With the PLI certification and a strong lineup of scooters, Ola Electric is on the right path to improve its profits and market position. The company is clearly focused on long-term growth and making electric mobility more accessible in India.

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