Ola Electric Mobility Ltd Share Price – NSE  / BSE

Automobile, Small Cap

Ola Electric Mobility today announced that it has received the Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for its Roadster X+ 11 kW 4.5 kWh from the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme).

With this, Roadster X+ 4.5 kWh becomes the first motorcycle in the Roadster portfolio to receive PLI certification, marking a significant milestone in the company's expansion into the electric motorcycle segment. T

he certification confirms a minimum Domestic Value Addition (DVA) compliance for Roadster X+ 4.5 kWh. The model is eligible for incentives under the PLI-Auto Scheme for all Roadster X+ 4.5 kWh units.

The daily orders exceed 1,000 units in the last week of March, signaling strong demand momentum. Market share also witnessed a V-shaped M-o-M recovery, with the company continuing to gain share through the month.

The company said that this demand recovery is being driven by a structural transformation in service operations. Over 80% of vehicles are now serviced on the same day, enabled by improved parts availability, faster diagnostics, and tighter operational control across the network.

Following a period of service challenges in recent months, the company has implemented deep operational changes, resulting in significantly improved turnaround times and customer experience, strengthening customer trust and driving demand.

Ola Electric spokesperson said, ?We are seeing a clear inflection in demand, with daily orders scaling steadily through March and accelerating meaningfully in the final weeks. This momentum is being driven by the structural improvements in our service operations, which are now delivering faster turnaround times and a significantly better ownership experience. As customer confidence strengthens, we are seeing stronger conversion across our portfolio, giving us confidence that this recovery will further sustain and scale.?

Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells.

The company?s net loss widened to Rs Rs 487 crore in Q3 FY26 compared with Rs 418 crore in Q3 FY25. Revenue from operations stood at Rs 470 crore, registering de-growth of 55.0% from Rs 1,045 crore.

 Ola Electric Mobility today announced the launch of its Navratri Mahotsav, a limited period festive campaign offering benefits of over Rs 30,000 across its S1 scooter and Roadster motorcycle portfolio. As part of the nine-day celebration of Chaitra Navratri, the company has rolled out a range of offers including cash discounts, extended warranty, and instant cashback options. Adding to the festive momentum, Ola Electric will also host daily 90-minute Muhurat windows featuring limited units of select models at special, limited-time prices.

Building on a strong customer response to its recently introduced upgrade initiative, Ola Electric has also announced the expansion of its Ola Insider Upgrade Program to 60% of its customer base across India. Initially launched as a pilot in select cities, the program has seen thousands of enquiries and will now be scaled to cover all Gen 1 and Gen 2 Ola Electric customers, enabling them to seamlessly upgrade to the company's latest Gen 3 products.

Starting today, Ola Electric is rolling out a suite of limited-period festive offers across its portfolio:

• Festive Benefits on S1: Customers can avail a ₹9,999 cash discount along with an 8-Year Extended Warranty across the S1 range during the nine auspicious days of Navratri.
• Roadster Range: The Roadster motorcycles will be available at revised prices, complemented by an 8-Year Extended Warranty.
• Muhurat Mahotsav: Each day will feature a 90-minute Muhurat window with limited units of the S1 Pro+ 4 kWh priced at ₹99,999 and the Roadster X+ 4.5 kWh at ₹79,999.
• Cashback: Up to ₹10,000 instant cashback on EMIs on select credit cards

Ola Electric currently offers a comprehensive portfolio of Gen 3 S1 scooters and Roadster motorcycles. The premium S1 Gen 3 range includes the S1 Pro+ in 5.2kWh and 4kWh configurations and the S1 Pro in 4kWh and 3kWh configurations, priced at ₹1,80,338, ₹1,60,338, ₹1,39,999, and ₹1,19,999 respectively. The mass-market S1 X lineup includes the Gen 3 S1 X+ (4kWh) and Gen 3 S1 X in 2kWh, 3kWh, and 4kWh variants, priced at ₹1,09,999, ₹84,999, ₹88,999, and ₹1,04,999 respectively.

The Roadster motorcycle portfolio includes the Roadster X+ in 9.1kWh and 4.5kWh configurations priced at ₹1,89,999 and ₹1,29,999 respectively, and the Roadster X in 2.5kWh, 3.5kWh, and 4.5kWh configurations priced at ₹99,999, ₹1,09,999, and ₹1,24,999 respectively.

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Ola Electric today announced the Champions Edition of its flagship 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) scooter and Roadster X+ (9.1 kWh) motorcycle to commemorate India's historic third ICC Men's T20 World Cup victory.

The limited Champions Edition will be available at the company stores and website from tomorrow till the end of April 2026.

With the Champions Edition, the company aims to give fans a way to hold on to that moment and celebrate it every day. The Champions Edition S1 Pro+ and Roadster X+ feature a vibrant blue livery at no extra cost, marking the country's third T20 World Cup triumph, and celebrating the passion of millions of Indian fans.

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