Ola Electric share price extends rally for third straight session

On Monday, post-market hours, Ola Electric informed investors through an exchange filing that it had received certification for compliance with eligibility assessment requirements under the PLI Scheme for the automobile and auto components sector. The certification covers its Gen 3 scooter portfolio, which includes all seven Ola S1 Gen 3 scooters that make up the bulk of its sales. With this development, both Ola Electric’s Gen 2 and Gen 3 portfolios are now PLI-certified.