Ola Electric bags PLI Certification for its Gen 3 scooter portfolio

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Ola Electric has secured PLI certification for its Gen 3 scooter portfolio, a move expected to significantly boost profitability from Q2 FY26. The certification, granted by ARAI, covers all seven Ola S1 Gen 3 scooter models. This achievement makes Ola Electric eligible for incentives up to 18% of determined sales value until 2028, strengthening their cost structure and margins.