Ola Electric’s Roadster X+ Gets PLI Certification
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Listed two wheeler EV maker Ola Electric Limited has received Production Linked Incentive (PLI) certification for its electric bike, Roadster X+ 4.5 kWh.
The certification, issued by the global automotive research centre (GARC), confirms that the Roadster X+ 4.5 kWh meets the minimum domestic value addition (DVA) requirements, making all units eligible for incentives under the PLI-Auto scheme.
The development comes amid a series of strategic moves undertaken by Ola Electric to boost sales after a lengthy period of slowdown. The company recently cut the price of its flagship Roadster X+ 9.1 kWh model, powered by the 4680 Bharat Cell, by over 31%, from ₹1.9 Lakh to ₹1.3 Lakh.
It cited increased cell production at its Gigafactory and cost efficiencies from vertical integration as key reasons behind the price reduction.
The Roadster X+ 9.1 kWh will now be sold through limited purchase windows rather than open sales, as demand continues to outstrip supply.
According to the company, the first purchase window is scheduled for tomorrow, with vehicles available in time-bound slots and limited quantities.
This pricing strategy follows a significant surge in Ola Electric’s E2W registrations. In March 2026, the company’s E2W registrations jumped 139% to 9,496 units from 3,973 in February, giving it over 5% market share and the fifth position in the segment.
To support its growth and cost reduction initiatives, Ola Electric is scaling the capacity of its Gigafactory to 6 GWh, up from an initial target of 5 GWh. The facility manufactures the 4680 Bharat Cell, which powers the Gen 3 range of e-scooters, including the S1 Pro+ and Gen 3 S1 X+.
Financially, Ola Electric has faced challenges over the past year. Its operating revenue fell 55% YoY to ₹470 Cr in Q3 FY26, while net losses narrowed 14% to ₹487 Cr.
The company also reported negative operating cash flows of ₹866 Cr over the first nine months of FY26 due to deepening losses and underwhelming sales.
In response, Ola has been reallocating funds from its IPO proceeds, diverting ₹475 Cr from research and development to repay debt and ₹100 Cr toward organic growth initiatives.
Despite past financial headwinds, the company’s recent price cuts and production scaling have sparked investor optimism.
Ola Electric shares jumped over 9.33% in intraday trading yesterday, closing at ₹28.35 on BSE.
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