Ola Electric Rallies After PLI Nod for Gen 3 Scooters 🚀⚡

surged ~4% today, extending its two-day rally to ~9%. The momentum follows the government’s approval of PLI (Production Linked Incentive) certification for its Gen 3 scooter lineup, which accounts for the bulk of Ola’s current volumes. The certification makes Ola eligible for 13–18% incentives on sales till 2028, strengthening its growth runway. 🔑 Why It Matters: This PLI nod could be a game-changer for margins, paving the way for accelerated margin recovery from Q2 FY26 as higher incentives flow directly into profitability.