OLAELEC

Files ₹400 Crore PLI Claim Amid Share Price Recovery

⚡Ola Electric has filed a ₹400 crore claim under the government’s Production-Linked Incentive (PLI) scheme, backed by eligible sales of ~₹3,000 crore in FY25. With compliance certification for its Gen 3 scooter portfolio, the company expects a profitability boost from Q2 FY26. Despite a steep 45.73% decline over the past year, the stock has rebounded strongly, gaining 46.59% in the last month, closing 2.85% higher at ₹60.57.