Overview

• Ola Electric received ARAI’s certification for compliance, making its seven S1 Gen 3 scooters eligible for PLI incentives of 13%–18% of determined sales value through 2028.
• Shares rose as much as about 10% to roughly Rs 55.75 in early trade, marking a third straight session of gains.
• Both BSE and NSE kept the stock under the short-term Additional Surveillance Measure framework due to recent volatility.
• The Gen 3 lineup, which represents the bulk of current sales, spans S1 Pro (3 kWh, 4 kWh, Pro+ 4 kWh) and S1 X (2 kWh, 3 kWh, 4 kWh, X+ 4 kWh) variants.
• Recent updates included a ferrite motor that avoids heavy rare-earth magnets, launches using 4680 Bharat Cells, the MoveOS 6 rollout, early Gen 4 platform details, a sequentially narrower Q1 FY26 loss, and a near 35% stock rise since August 18.