Ola Electric Becomes India’s First Automotive OEM to Receive Government Certification for In-House Ferrite Motor

Bengaluru, October 6, 2025 – Ola Electric Mobility Limited (NSE: OLAELEC, BSE: 544225) announced that it is the first OEM company out of India to get approval from the government for its indigenous ferrite motor, a first for the local electric mobility industry of the country.

The certification was provided by the Global Automotive Research Centre (GARC), Tamil Nadu, after successful validation of power and performance tests based on the AIS 041 framework, which had been accomplished by the ferrite motor. The trials certified that Ola’s proprietary ferrite motor delivers the same net power output performance as rare-earth permanent magnet motors on its 7 kW and 11 kW variants.

Key Highlights

Ola Electric revealed that it had created and certified a rare-earth-free ferrite motor, a crucial step towards India’s plans for environmentally sustainable and cheap manufacturing of electric vehicles.

The new motor, which met the performance criteria of the conventionally used 7 kWh and 11 kWh rare-earth magnet motors, has been certified by the Global Automotive Research Centre (GARC), Tamil Nadu.

Unlike the conventionally used motors, which rely on overseas rare-earth-based components, Ola’s ferrite motor is a more affordable, supply-chain-independent solution. The company hopes to indigenise the tech across its entire range of two-wheelers, fortifying its bid to localise EV components and reduce reliance on global supply chain breakdowns.

The product meets Ola’s pledge made at its ‘Sankalp 2025’ event last August. The home-built, all-in-house designed ferrite motor does away with imports of scarce rare-earth components without any compromise on performance parity. The solution holds out the prospect of better cost efficiency, supply chain stability, and environmental sustainability.

Emphasizing the landmark, the company explained that the invention “de-risks supply vulnerabilities worldwide while increasing affordability and performance for Indian customers,” affirming its technological superiority in the EV sector.

Market Update

Ola Electric Mobility Limited closed at ₹52, down 2.54% on August 6, 2025. Ola Electric Mobility Ltd began trading at ₹54.00, slightly above its previous close at ₹53.99. The stock reached a session high of ₹54.16 and a session low of ₹51.90, with nearly 1.99 crore shares traded, resulting in a total volume of ₹10,484.54 lakh. The market capitalization of the company stands at ₹23,209 crore. The 52-week range for the stock is between a high of ₹102.50 and a low of ₹39.60, with its all-time high being ₹157.40.

Ola Electric Mobility Limited is a leading Indian pure-play EV manufacturer, which is driven towards end-to-end integration of EV tech as well as manufacturing. Its Ola Future Factory, based in Tamil Nadu, is India’s biggest EV hub, while the company’s Battery Innovation Centre, based in Bengaluru, handles next-gen battery and cell tech. Through a direct-to-customer business and over 4,000 company-owned experience centres, Ola is driving India towards sustainable mobility on a large scale.

REF: https://nsearchives.nseindia.com/corporate/OLAELECTRIC_06102025113710_Intimation_Press_Release_OEM_Signed.pdf

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