Ola Electric shares rally 7% on PLI nod for Gen 3 scooter portfolio

Ola Electric shares rally 7% on PLI nod for Gen 3 scooter portfolio

Shares of Ola Electric Mobility surged as much as 6.6% on Tuesday to Rs 51.80 on the BSE after the company announced that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a move the company said will strengthen margins and profitability from the ongoing quarter of the current financial … Read more

EV sales spike, Ola leads the way

EV sales spike, Ola leads the way

Ola Electric: 21,308 units Ola continues to lead the market for the seventh straight month, registering 21,308 units in March 2023 — a significant increase over its figure for the previous month. This is also the first time Ola has breached the 20,000-unit mark in a single month. However, the company claims they sold over … Read more