Overview

• The company says it is the first Indian OEM to secure certification for a rare‑earth‑free ferrite motor.
• Certification followed mandatory testing at the Global Automotive Research Centre in Tamil Nadu under the AIS 041 standard.
• Test results matched the net power of rare‑earth permanent magnet motors in 7kW and 11kW configurations, according to the exchange filing.
• Ola stated it will begin integrating the ferrite motor across its product lineup to improve affordability and supply resilience.
• Shares slipped up to 1.8% on Monday, with the stock under pressure in recent months and analyst views mixed, per Bloomberg data cited.