Ola Share Price: Ola Electric stock up 20% in 1 week, know what is expected next?

News Topical, Digital Desk : Ola Share Price: On Friday, August 29, Ola Electric Mobility shares rose by 5%. Due to this rise, the shares registered an overall increase of about 20% this week. The main reason for this rise is the company's Generation 3 scooter portfolio getting certification under the Product Linked Incentive (PLI) scheme.

On August 26, the company informed the exchange that it has received a certificate from the Automotive Research Association of India (ARAI) under the PLI scheme for automobiles and auto components. This approval is applicable to all seven models of its S1 Gen 3 scooter line-up. The company's profit will increase Both Gen 2 and Gen 3 scooters of Ola Electric are now PLI certified. Since Gen 3 sales account for a large part of the company's total sales. The management believes that this certification will significantly increase the company's profitability from Q2FY26. Apart from this, the possibility of reduction in GST on entry-level two-wheelers and electric vehicles and the meeting of major manufacturers to accelerate the electrification of the motorcycle sector through NITI Aayog have also boosted investor enthusiasm. Ola Electric founder Bhavish Aggarwal said that the company's target is to capture 25-30% of India's electric two-wheeler market. Also, want to ensure long-term profitability through vertical integration and new product launches. At 10:20 am on Friday, Ola Electric shares were trading 2.3% higher at ₹ 56.10.

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