India's Ola Electric gains on securing incentive compliance for Gen 3 scooters

Ola Electric Mobility

26/08/2025 06:40

** Shares of Ola Electric OLAE.NS gain ~4% to 50.57 rupees

** Electric two-wheeler maker secures compliance certification under the government's production linked incentive scheme for auto and components sector, covering its Gen 3 scooter lineup

** Certification makes co eligible for incentives ranging from 13% to 18% of the determined sales value until 2028

** Co says set to increase profitability from Q2 FY26

** 7 analysts covering OLAE have a rating "hold" rating on average; median PT is 45 rupees - data compiled by LSEG

** Stock down 42% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))