Ola Electric secures PLI certification for Gen 3 range of scooters

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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…



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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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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