OLA Electric share price expands the rally for the third direct session despite the collapse of the stock market

Ola Electric Mobility, one of India’s leading two-wheeler Ev manufacturers, expanded the finish line for the third straight day on Thursday, August 28, and rose on Thursday, August 28. This comes despite a weakness in the overall market sentiment. The rally followed the company’s announcement on the security of production incentive (PLI) certification for its Gen 3 scooter portfolio. The past three sessions have risen by 12 percent. PLI certification for Gen 3 scooters on Monday, after the market hours, informed Ola Electric investors through an exchange operation that they received certification for compliance with the assessment requirements under the Car and Motor Parts Sector Sector Sector. The certification covers its Gen 3 Scooter portfolio, which includes all seven OLA S1 Gen 3 scooters that make up most of its sales. With this development, both Ola Electric’s Gen 2 and Gen 3 portfolios are now planned. The PLI certification makes OLA Electric eligible for incentives from 13 percent to 18 percent of the set sales value (DSV) to 2028. The company noted that this award would directly strengthen its cost structure and margins as it works to become EBITDA positive. The Gen 3 series, consisting of S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 x 2 kWh, S1 x 3 kWh, S1 x 4 kWh and S1 x+ 4 kWh, represents the majority of the current sales of Ola Electric. Thus, the certification is expected to significantly increase the profitability of the enterprise from the first quarter of FY26. New models unveiled at the annual ‘SankalP’ event at ‘Sankalp’ event introduced new products, including the S1 Pro Sport (5.2 kWh and 4 kWh variants), the S1 Pro+ (5.2 kWh) and the Roadster X+ (9.1 kWh) powered by the 4680 Bharat. Deliveries for the S1 Pro Sport are scheduled to start in January 2026, while the S1 Pro+ 5.2 kWh and Roadster x+ 9.1 kWh models will be available from these Navratri. The founder and chairman Bhishavish Aggarwal also set out the growth strategy of Ola Electric, which is aimed at a 25-30 percent of India’s two-wheeler EV market. The company plans to achieve this through vertical integration and an extensive product pipeline. The results of the Q1 show that the loss of losses, besides the certification milestone, OLA Electric, reported stronger than expected results for the June end quarter. The company achieved a consolidated net loss of £ 428 crore in Q1FY26, which improved from a loss of £ 870 in Q4FY25 and £ 347 in Q1FY25. However, revenue dropped sharply to £ 828, with a 49.6 percent drop on an annual basis of £ 1.644 crore in Q1FY25. The share price trend only in August so far has risen almost 27 percent to 2 consecutive months of losses. It fell 4.3 percent in July and 15.3 percent in June. In general, in 2025, the share lost more than 38 percent. Meanwhile, in the last 1 year, it has lost more than 59 percent of its investors. The share hit its 52 -week high of £ 181 in August last year and in July this year a low of 52 weeks of £ 39.58.