Ola Electric
Ola Electric shares soar 9% after record December registrations
Mumbai/IBNS: Shares of Ola Electric Mobility Ltd surged nearly 9% in early trade on Friday, touching a high of Rs 40.77 per share, after the company reported strong vehicle registration numbers for December, media reports said.
The electric vehicle maker’s stock rose as much as 8.69% during the session after Ola Electric reported registrations of 9,020 units in December, according to Business Today.
The company’s market share also climbed to 12% in the second half of December, providing a further boost to investor sentiment.
In December 2025, Ola Electric had announced that it received incentives worth Rs 367 crore under the Production Linked Incentive (PLI) scheme from the Ministry of Heavy Industries, media reports said.
The company has also secured Compliance Certification under the PLI scheme for the automobile and auto components sector for its Gen 3 scooter portfolio, The Economic Times reported.
With the certification in place, Ola Electric is eligible for incentives ranging between 13% and 18% of the determined sales value of eligible products until 2028.
The certification was granted by the Automotive Research Association of India (ARAI), an agency under the Ministry of Heavy Industries, and covers all models in the Ola S1 Gen 3 scooter range.
The certified models include S1 Pro 3kWh, S1 Pro 4kWh, S1 Pro+ 4kWh, S1 X 2kWh, S1 X 3kWh and S1 X+ 4kWh.
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