Ola Electric Mobility share price rises 7%

Last week, Ola Electric announced that it has received certification confirming compliance with the eligibility assessment criteria under the PLI Scheme for the automobile and auto components sector. The certification applies to all seven models in its Gen 3 S1 scooter range, which contributes to over half of its sales. With this approval, both its Gen 2 and Gen 3 lineups are now PLI-certified.