BENGALURU: 1st September 2025: Ola Electric has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, marking a key milestone that will boost its profitability from the second quarter of the 2025-26 financial year.
This certification, granted by the Automotive Research Association of India under the Ministry of Heavy Industries, makes Ola eligible for incentives ranging from 13 to 18 percent of the determined sales value until 2028.
By qualifying the majority of its current sales portfolio, Ola Electric is set to strengthen its cost structure and margins, supporting its goal of sustainable growth while continuing to offer competitive electric vehicles.
The certification covers all seven Ola S1 Gen 3 scooters, including the 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 models.
Together with the Gen 2 range, the PLI certification applies to the bulk of Ola Electric’s sales, positioning the company for enhanced profitability starting in the second quarter of fiscal 2026.
The EV maker during its recent annual ‘Sankalp’ event also announced the launch of new models: S1 Pro Sport with 5.2 kWh and 4 kWh variants, S1 Pro+ 5.2 kWh, and Roadster X+ 9.1 kWh powered by the 4680 Bharat Cell.
These models will be introduced at starting prices of ₹1,49,999, ₹1,69,999, and ₹1,89,999 respectively. Deliveries of the S1 Pro Sport will begin in January 2026, while the S1 Pro+ 5.2 kWh and Roadster X+ 9.1 kWh are scheduled for launch during the upcoming Navratri festival.
Ola Electric is India’s leading electric vehicle manufacturer with a vertically integrated approach covering technology, manufacturing, and battery cell production.
Its Futurefactory in Tamil Nadu is a flagship facility aimed at creating the country’s largest electric mobility hub.
Supported by the Bengaluru-based Battery Innovation Centre and research units across India, the UK, and the US, Ola focuses on advancing EV technology and expanding its product range. The company operates over 4,000 company-owned stores nationwide, forming the largest automotive experience network in India.
Securing PLI certification for the Gen 3 scooter range is a significant achievement for Ola Electric, reinforcing its leadership in India’s electric vehicle market. This milestone not only supports the company’s ambition to achieve EBITDA profitability but also signals confidence in its product strategy and manufacturing capabilities.
As Ola Electric advances on this path, it stands poised to deliver enhanced value to customers and stakeholders and shape the future of electric mobility in India.
