Overview
- Ola Electric said GARC in Tamil Nadu certified its ferrite motor after AIS 041 performance and power tests notified by the road transport ministry.
- The company reported net power parity with rare‑earth permanent‑magnet designs for its 7kW and 11kW variants.
- Ola said this makes it the first Indian two‑wheeler EV maker to secure government certification for an in‑house rare‑earth‑free motor.
- The firm plans a phased integration across its scooters, including the S1 series, positioning ferrite units to lower costs and de‑risk supply chains tied to China‑sourced magnets.
- Shares slipped about 1–2% intraday on the announcement, while peers such as Ather and Simple Energy are also advancing rare‑earth‑free motor programs.