Ola Electric’s share price has jumped over 9% on Wednesday, September 3, 2025 to hit a fresh over 6-month high. The stock price is up by 70% from its 52-week low of ₹39.60 registered as on July 14, 2025. The rally in the Ola Electric share price is driven by a few developments. Let’s understand them.
Ola Electric, India’s largest pure-play Energy and EV company, today showcased its commitment to building the future of energy and mobility sovereignty in India, at its annual Sankalp 2025 event.
During the event, the company showcased its Ferrite Motor that is eliminating the import of magnets with heavy rare earth (HRE), announced the launch of S1 Pro+, S1 Pro Sport 5.2kWh and Roadster X+ 9.1kWh with 4680 Bharat Cell, showcased the working prototype of its Moonshot Project - Diamondhead, and released AI-powered MoveOS 6. Furthermore, the company shared details on its Gen 4 platform that will power the company’s next generation of vehicles across 2W, 3W, and 4W.
Commercializing the indigenous rare earth free motor in Q3 this fiscal is significant amid heightened geopolitical risks impacting the supply of magnets for the global automobile industry.
Ola Electric announced that it has received Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for automobile and auto components sector, for its Gen 3 scooter portfolio.
This certification was granted by the Automotive Research Association of India (ARAI) under the aegis of the Ministry of Heavy Industries, Government of India to all of the seven Ola S1 Gen 3 scooters. With this milestone, Ola Electric’s Gen 2 and Gen 3 scooter portfolio now stands PLI-certified.
The Gen 3 portfolio comprising of 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, represents the majority of the company’s current sales. As a result, this certification is set to significantly enhance Ola Electric’s profitability from Q2 FY26 onwards.
The PLI certification makes Ola Electric eligible for incentives ranging from 13% to 18% of the determined sales value (DSV) until 2028.
As per Vahan data, Bhavish Aggarwal-led Ola Electric secured the second position in August 2W EV sales, overtaking Bajaj Auto and Ather Energy, with an 18.19% market share after registering 18,972 units in August, up 6.3% from the previous month.
Despite rallying 70% from its 52-week low, Ola Electric's share price is trading below its IPO issue price of ₹76 per share.
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