Ola Electric’s shares jumped more than 5% on Dec 26, reaching ₹37.25 after the government approved a ₹366.78 crore incentive under the Production‑Linked Incentive (PLI) Auto scheme for FY25.
Incentive approval lifts the stock
The approval, announced in an exchange filing on Dec 25, covers demand incentives for the company’s projected sales in the next fiscal year. The payment will be made through IFCI Limited, the designated disbursement agency.
What the PLI‑Auto incentive means
The PLI‑Auto scheme rewards manufacturers that scale up production, increase localisation, and adopt advanced technology. Ola Electric said the sanction confirms its strong execution in these areas.
- Incentive amount: ₹366.78 crore
- Applicable fiscal year: FY25
- Disbursed by: IFCI Limited
Impact on the company and market
Ola Electric’s spokesperson called the sanction “a strong endorsement of our manufacturing capabilities” and reiterated the firm’s commitment to India’s clean‑mobility goals. The news helped the stock climb for the second day in a row.
In the past five days, the shares have risen about 19%, recovering from a 15% drop over the previous six months and a 61% decline over the last year. By comparison, rival Ather Energy’s stock has surged 138% since its May 6 listing.
Recent performance snapshot
- Current price: ₹37.25
- 5‑day gain: +19%
- 6‑month change: –15%
- 1‑year change: –61%
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.