Ola Electric Mobility in India reprised its rally for a third consecutive session against a backdrop of a market meltdown. The company received the PLI certification for its Gen 3 scooter range, a step that is anticipated to improve the earnings profile from Q2 FY26 onwards.
Third time in a row, Ola Electric Mobility India kept improving its share price by 4% on Thursday, August 28, 2025, and despite the bearish market, it reached ₹52.80. The spectacular performance follows the green signal for PLI (Production Linked Incentive) from the government to its Gen 3 scooter portfolio.
PLI Certification Strengthens Profitability Outlook
Ola Electric announced on Monday that it has obtained PLI certification under the automobile and auto components scheme, covering the entire Gen 3 scooter division. The portfolio consists of seven scooters—S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 X 2 kWh, S1 X 3 kWh, S1 X 4 kWh, and S1 X+ 4 kWh—the majority of the company’s sales are accounted for by the
With this approval, Ola Electric will be eligible for subsidy from the government ranging from a minimum of 13 % to a maximum of 18 % of the determined sales value till the year of 2028. The milestones will not only make it easy to cut down on the cost of production, but also increase the margin and ensure the company moves towards ebbtide profitability faster. Profitability impact is expected to become visible from Q2 FY26 onwards.
Also Read: Don’t Miss This: Ola Electric’s Biggest Monthly Gain in Sight
New Models Announced at Sankalp Event
At its annual Sankalp event, Ola Electric announced the arrival of new products that would help it conquer new markets. The S1 Pro Sport (5.2 kWh and 4 kWh variants), S1 Pro+ (5.2 kWh), and Roadster X+ (9.1 kWh), which are powered by the 4680 Bharat Cell were the products unveiled.
The day of first deliveries for the S1 Pro Sport has been scheduled for January 2026, conversely, the S1 Pro+ together with the Roadster X+ will hit the market during Navratri 2025. Bhavish Aggarwal, the founder, presented the plan of Ola Electric grabbing a 25–30% share of the Indian two-wheeler EV market by way of vertical integration and a more robust product pipeline.
Financial Performance Shows Improvement
Not only can this signal be considered a milestone, but at the same time, Ola Electric declared that the losses have teetered in Q1 FY26. The consolidated net loss has been ₹428 crore, which is almost half the loss compared to ₹870 crore in Q4 FY25 and ₹347 crore in Q1 FY25.
On the other hand, the income decreased to ₹828 crore, which is 49.6% less as compared to the same period last year when revenue was ₹1,644 crore. This steep decrease manifests the company’s struggle to maintain the top line while working on profitability and scale.
Share Price Trend
Ola Electric has had an upturn in investor sentiment leading to a rise in the stock price despite the weakness in the broader market. In August, the stock rallied alone by almost 27% following the run of two months with a sharp decline in share price—down 4.3% in July and 15.3% in June.
In 2025, year-to-date, the stock has lost more than 38% and over the last 12 months more than 59% of its value. Its 52-week high of ₹181 in August 2024 is quite far away from the recent low of ₹39.58 in July 2025.
The present rally is an expression of investors belief in structural support from government incentives and their anticipation of new products hitting the market.
Also Read: India’s EV Giants Signal a New Era of Stock Market Growth
Outlook: Profitability Hinges on Execution
Ola Electric securing PLI is a signal that the company might be able to soften the blow on its financials and lay a stable foundation for growth. Nevertheless, the road will be challenging to maintain the revenue momentum, to survive the competition and to reach their targeted market share. Investors will monitor the Q2 FY26 report closely as it will be the first quarter where the incentive scheme is supposed to create profitability gains.
FAQ’s
Q1: Why is Ola Electric’s share price rallying despite a weak market?
Pli certification for the gen 3 scooter portfolio is the main reason for the rally, as margins and profit will take off from Q2 FY26 onwards.
Q2: What new products has Ola Electric launched?
At the Sankalp event, the company unveiled the S1 Pro Sport, S1 Pro+, and Roadster X+, with the first deliveries scheduled for Navratri 2025 to January 2026.
Q3: How has Ola Electric’s financial performance been?
The company saw a significant decrease in losses in Q1 FY26 but dropped its sales almost by half year-on-year.
READ MORE ON
