Ola Electric Share Price Gains Over 6%; Secures PLI Certification for Roadster X+ 4.5 kWh

Ola Electric Mobility Limited has achieved a significant milestone in its electric two-wheeler journey with the certification of its Roadster X+ 4.5 kWh model under the government’s Production Linked Incentive (PLI) scheme.  

The development reinforces the company’s focus on localisation and strengthens its position in the evolving electric motorcycle segment. 

PLI Certification Boosts EV Expansion Strategy 

The company has secured certification under the PLI-Auto scheme from the Global Automotive Research Centre (GARC) for its Roadster X+ 4.5 kWh motorcycle.  

This makes it the first model within the Roadster portfolio to qualify under the scheme, marking an important step in Ola Electric’s product expansion strategy. 

The certification confirms compliance with Domestic Value Addition (DVA) requirements, making the model eligible for incentives under the PLI framework.  

This not only enhances cost competitiveness but also aligns with the government’s push for local manufacturing.  

Focus on Localisation and Scalable Manufacturing 

The company highlighted that the certification reflects its continued emphasis on deep localisation and building an indigenous EV ecosystem.  

Ola Electric has been investing in vertically integrated manufacturing capabilities, including battery technology and vehicle production. 

The milestone is expected to support scalable growth while enabling the company to deliver technology-driven products at competitive price points, thereby expanding accessibility in the electric motorcycle market. 

Product Strategy and Cost Efficiency Gains 

In parallel, Ola Electric has also been leveraging economies of scale to improve cost structures. The company recently reduced the price of its Roadster X+ 9.1 kWh variant, supported by increased production efficiencies at its Gigafactory and advancements in its in-house battery technology. 

Read More: Ola Electric Share Price Gains Over 8% as March Performance Shows Strong Recovery with Over 1,000 Daily Order! 

Ola Electric Share Price Performance 

As of 06 April 2026, at 9:25 AM, Ola Electric share price is trading at ₹30.18 per share, reflecting a surge of 6.18% from the previous closing price. 

Conclusion 

The PLI certification for the Roadster X+ 4.5 kWh marks a key step in Ola Electric’s transition into the electric motorcycle segment. With a strong focus on localisation and cost efficiency, the company is positioning itself for long-term growth in India’s EV ecosystem. 

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