Ola Electric Shares Jump 7.84% in Early Trade on PLI Boost and GST Buzz

Mumbai, 1 September 2025: Ola Electric Mobility Limited’s share price is witnessing a significant rally today. As of 10:05 AM, the shares are up by 7.84%, or 4.24 points and are currently trading at ₹58.29. The stock opened at ₹55.20 and has touched a high of ₹58.49 and a low of ₹54.50 as of now. Trading volumes have crossed 1,818 lakh shares with total turnover above ₹1,029 crore. This has increased the company’s market capitalisation to ₹25,441.67 crore. With today’s current rally, the shares have now gained over 21% in the past week.

PLI Certification for Gen 2 and Gen 3 Scooters Fuels 7.84% Rally in Ola Electric Shares to ₹58.29

The significant rally and strong demand from investors are fueled by Ola Electric’s certification under the Production Linked Incentive (PLI) scheme for its Gen 2 and Gen 3 scooters. The certification has been granted by the Automotive Research Association of India under the Ministry of Heavy Industries. The certification covers Ola’s seven models from the S1 Gen 3 line-up. The company expects that this certification will help boost its profitability starting from the second quarter of FY26.

New GST Reforms on Two-Wheelers Boost Investor Optimism as Ola Electric Stock Sees ₹1,029 Crore Turnover

Another trigger is the announcement of new GST reforms by Dilwali. The new GST reforms are expected to lower the GST burden on entry-level two-wheelers and electric vehicles. Investor sentiments are positive as it is reported that Niti Aayog will hold discussions with two-wheeler manufacturers on increasing the electrification of motorcycles.

Government’s 2030 Target of 80% Electric Scooter Sales Strengthens Ola Electric Ambition for 25-30% EV Market Share

The Indian government estimates that by 2030, electric scooters could make up 80% of the total two-wheeler sales, with overall two-wheeler electrification at around 36%. Ola Electric’s founder Bhavish Aggarwal has also communicated the company’s intention to capture 25-30% of India’s two-wheeler EV market. It remains to be seen if Ola Electric’s shares can hold the momentum in the coming days.

With Ola Electric shares gaining 7.84% today, momentum appears driven by PLI certification and anticipated GST reforms. The strong turnover of ₹1,029 crore signals heightened investor participation. As India pushes toward 80% electric scooter adoption by 2030, Ola Electric’s market share ambitions of 25–30% remain a key point to watch in the coming quarters.

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