India's Ola Electric rises after unit gets about 3.7 billion rupee incentive

Ola Electric Mobility

26/12/2025 03:57

** Shares of Ola Electric OLAE.NS rise nearly 3% to 36.35 rupees

** Electric two-wheeler maker's unit receives 3.67 billion rupees incentive sanctioned for FY 2024-25

** Sanction from Ministry of Heavy Industries to be released through IFCI Limited - Ola

** In August, co secured compliance certification under the government's production-linked incentive scheme for auto and components sector, covering its Gen 3 scooter line

** Stock rated "hold" on avg by 8 analysts; median PT is 46 rupees - data compiled by LSEG

** YTD, OLAE down nearly 58% vs rival Ather Energy's 138% rise since listing on May 6

(Reporting by Urvi Dugar in Bengaluru)

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