Ola Electric Shares Surge Over 3% on Roadster X+ Approval & PLI Incentive

• Ola Electric shares jumped over 3% on December 30, hitting ₹36.70 intraday.
• Flagship electric motorcycle Roadster X+ (9.1 kWh) received government approval under CMVR, 1989 from iCAT, Manesar.
• Roadster X+ is India's first EV motorcycle certified with an in-house developed 4680 Bharat Cell battery pack, claiming a 500 km range.
• The 9.1 kWh battery pack also secured AIS-156 Amendment 4 certification from ARAI.
• Ola Electric received a ₹366.78 crore incentive under the PLI scheme from the Ministry of Heavy Industries for FY25 sales.

Why It Matters: Ola Electric sees significant growth with key product certifications and a substantial PLI scheme incentive.