Ola Electric’s shares surged 14% after securing Production Linked Incentive (PLI) certification for its Gen 3 scooters, boosting margins and profitability prospects. Despite this, market share has slipped amid stiff competition and supply issues. Analysts note healthy technical signals but caution on short-term pullbacks. Ola aims for growth with new models and targets EBITDA breakeven by Q2 FY26.
