Ola Electric Share Price: The stock market continues to decline but in the meantime, the shares of Ola Electric have seen a boom for the third consecutive day. In the last three trading sessions, Ola Electronic stock has shown an increase of up to 16%. On Thursday 28 August 2025, the company’s stock rose 8% to a level of Rs 54.90.
This fast has come at such a time, there has been weakness in the stock market. There are many important reasons behind this edge, the most prominent of which Ola Electric is getting certification under the PLI Scheme of the government for its generation 3 electric scooter portfolio.
What will be the benefit of pli certification?
Ola Electric had informed through a filing on Monday that its generation 3 scooters have received certification under the PLI scheme. This scheme of the government is to promote electric vehicles, in which companies are given economic incentives on the basis of production. Ola will now get an incentive from 13% to 18% on the sale of its scooters by 2028. This will reduce the cost of the company and increase profits.
What are the generation 3 scooters?
Ola’s generation 3 scooter is a large part of the portfolio company’s sales. It includes many models like S1 Pro, S1 X, S1 X+. These include different battery capacity variants such as 2 kwh, 3 kwh, 4 kwh and 5.2 kwh.
Apart from this, Ola Electric has recently introduced new models at its annual ‘Sankalp’ event, including S1 Pro Sport and a new high-performance scooter Radster X+, which runs with 4680 cell technology made in India. The delivery of S1 Pro Sport will start from January 2026, while the rest of the new models will be available in the market from this Navratri.
Loss declined in Q1, but revenue declines
In the first quarter of FY 2026, the company’s deficit was Rs 428 crore, which is much lower than the Rs 870 crore in the previous quarter. However, the revenue has declined and it has come to 828 crores, which is about 50% less than the previous year.