Ola Electric secures PLI certification for Gen 3 range of scooters

Ola Electric has secured compliance certification under the Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. This makes the electric two-wheeler maker eligible for incentives ranging from 13% to 18% of the determined sales value of these scooters until 2028, according to a stock exchange filing.

The certification, granted by the Automotive Research Association of India (ARAI) under the ministry of heavy industries, covers all seven variants of Ola’s Gen 3 scooters, including the S1 Pro and S1 X series. Its Gen 2…