Ola Electric shares rally 9% in 2 days after PLI nod sparks investor optimism

August 28, 2025

Ola Electric’s share price has seen a sharp rally after the company received PLI certification for its Gen 3 scooter range. The approval is expected to bolster margins and profitability, though competition from Ather and TVS and ongoing financial pressures continue to weigh on sentiment.

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