The Gen 3 portfolio, comprising 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 company’s current sales.
| Photo Credit:
FRANCIS MASCARENHAS
Ola Electric on Tuesday said that it has received Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for automobile and auto components sector, for its Gen 3 scooter portfolio.
This certification was granted by the Automotive Research Association of India (ARAI), under the aegis of the Ministry of Heavy Industries (MHI), to all of the seven Ola S1 Gen 3 scooters, the company said.
With this milestone, Ola Electric’s Gen 2 and Gen 3 scooter portfolio now stands PLI-certified. The Gen 3 portfolio, comprising 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 company’s current sales.
This certification is set to significantly enhance Ola Electric’s profitability from the second quarter (Q2) FY26, it said.
“Securing PLI certification for our Gen 3 scooters, which form the bulk of our sales, is a critical step towards profitability. This will directly strengthen our cost structure and margins, enabling us to deliver sustainable growth,” a company spokesperson said.
The PLI certification makes Ola Electric eligible for incentives ranging from 13 per cent to 18 per cent of the determined sales value (DSV) until 2028.
“With our auto business targeted to turn EBITDA positive, the certification acts as a strong catalyst to achieve that goal while ensuring our customers continue to get the best-in-class EVs at highly competitive prices,” the spokesperson added.
During its annual ‘Sankalp’ event last week, the company had also unveiled S1 Pro Sport with 5.2 kWh and 4 kWh, S1 Pro+ 5.2 kWh, and Roadster X+ 9.1 kWh powered by the 4680 Bharat Cell, starting at an introductory price of ₹1,49,999, ₹1,69,999 and ₹1,89,999 respectively.
S1 Pro Sport deliveries are set to commence from January 2026, while deliveries of S1 Pro+ 5.2 kWh and Roadster X+ 9.1 kWh start this Navratri.
Published on August 26, 2025
