Ola rallies 10% this week on PLI certification, even as market share dips

Ola Electric‘s shares rallied nearly 10% this week, driven by announcements such as its PLI certification for its next generation of electric scooters. The stock closed at Rs 54.02 on Friday, down about 1.5%.

Factors behind the rise

PLI certification: Earlier this week, Ola Electric secured the Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. It makes the electric two-wheeler line-up eligible for several government incentives, ranging from 13% to 18% of the determined sales value of these scooters, until 2028. These…