The declare is supported by eligible gross sales of roughly Rs 3,000 crore for FY25, as per earlier ET studies, and is calculated at an incentive price of 13–14%.
The inducement declare aligns with Ola Electrical’s continued compliance with localisation and regulatory pointers beneath the PLI framework. The funds are anticipated to reinforce the corporate’s liquidity and positively contribute to its monetary efficiency within the coming quarters, in line with sources conversant in the event.
Ola Electrical was the one two-wheeler Unique Gear Producer (OEM) to obtain the PLI incentive final 12 months, and this submitting marks its second consecutive 12 months of qualifying beneath the scheme.
The corporate has additionally emerged as the highest achiever in PLI-eligible gross sales within the two-wheeler class for 2 straight years, additional solidifying its place in India’s EV manufacturing ecosystem.
As well as, Ola Electrical not too long ago introduced that it had obtained PLI eligibility compliance certification for its Gen 3 scooter portfolio, which incorporates all Gen 3 scooters within the S1 line-up.This certification covers nearly all of Ola Electrical’s present gross sales and is anticipated to spice up the corporate’s profitability from Q2 FY26 onwards.
Ola Electrical share value efficiency
Over the previous one 12 months, shares of Ola Electrical have declined sharply by 45.73%, whereas the year-to-date (YTD) efficiency reveals a drop of 29.76%, indicating a difficult broader development.
Nonetheless, within the quick to mid time period, the inventory has seen a noticeable restoration — it’s up 19.85% over the past six months, 28.95% prior to now three months, and has delivered a powerful 46.59% acquire in simply the final month.
On Monday, Ola Electrical shares closed 2.85% increased at Rs 60.57 on the BSE.
Additionally learn: SEBI’s curb on weekly F&O expiry: Feroze Azeez explains what it may imply for buyers
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
as a Dependable and Trusted Information Supply
