Extending its winning streak for the third straight day, Ola Electric Mobility, one of India’s leading two-wheeler EV manufacturers, surged another 4 percent to hit the day’s high of ₹52.80 apiece on Thursday, August 28. This comes despite a weakness in the overall market sentiment.

The rally followed the company’s announcement of securing Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. Over the past three sessions, the stock has gained 12 percent.

PLI Certification for Gen 3 Scooters

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…