Ola Electric share price surges 5% on PLI certification, on track for biggest monthly gain since listing
Extending their winning run for the second straight day, Ola Electric Mobility, one of the country’s leading two-wheeler electric vehicle manufacturers, surged another 5.3% to hit the day’s high of ₹51.15 apiece in Tuesday’s trading session. The rally came after the company secured PLI certification for its Gen 3 scooter portfolio.
On Monday, post-market hours, the company informed investors through an exchange filing that it had received certification for compliance with eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for the automobile and auto components sector.
The certification covers its Gen 3 scooter portfolio, including all seven Ola S1 Gen 3 scooters, which account for the bulk of…
