Ola Electric gets ₹366.78 Cr PLI auto incentive for FY25, stock up 14% this week
News by Aliceblue News Desk
26 Dec 2025
Introduction
Leading electric vehicle manufacturer received ₹366.78 crore under the PLI-Auto Scheme for FY 2024-25, supporting domestic automotive production, advanced technologies, and vertically integrated manufacturing in India.
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Share price movement of Ola Electric
On December 26, 2025, Ola Electric Mobility Ltd opened at ₹36.68, up 3.70% from its previous close of ₹35.37. The stock reached a high of ₹37.28 (5.44%) and a low of ₹36.22 (2.40%). By 11:07 AM, it traded at ₹36.35, a 2.77% increase, with a market capitalization of ₹16,033.37 crore.
Ola Electric Receives ₹366.78 Crore PLI
Ola Electric received a sanction order from the Ministry of Heavy Industries for ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components for FY 2024-25.
The incentive covers the Demand Incentive for Determined Sales Value for FY 2024-25. Payment will be released through IFCI Limited, the designated financial institution under the PLI-Auto Scheme.
The sanction highlights Ola Electric’s manufacturing scale, localisation, and technology-led production. The PLI-Auto Scheme aims to strengthen domestic automotive manufacturing and promote advanced automotive technologies in India.
Stock performance of Ola Electric for Period of 1 week, 6 months, and 1 year
Ola Electric Mobility Ltd delivered a 13.34% return over the past week. The stock declined 16.97% over the past six months and 62.62% over the past year.
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Shareholding pattern of Ola Electric
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 |
| Promoter | 37% | 37% | 37% |
| FII | 3.20% | 4.50% | 2.90% |
| DII | 6.80% | 2.90% | 2.90% |
| Public | 48% | 51% | 52.10% |
| Others | 4.90% | 5.20% | 5.30% |
About Ola Electric
Ola Electric Mobility Limited (NSE: OLAELEC) is a leading Indian EV manufacturer, producing vehicles and batteries, supported by R&D in India, UK, US, and a nationwide direct-to-customer distribution network.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Ola Electric Mobility share price going up today?
A: Ola Electric Mobility share price is rising after it received ₹366.78 crore under the PLI-Auto Scheme for FY 2024-25.
Q: What does Ola Electric Mobility Ltd specialize in?
A: Ola Electric Mobility Ltd specializes in manufacturing electric vehicles, battery cells, and components, with vertically integrated technology and production facilities in India.
Q: What is the market capitalization of Ola Electric Mobility Ltd?
A: The market capitalization of Ola Electric Mobility Ltd stands at around ₹16,033.37 crore as of December 26, 2025.
News Author
Aliceblue News Desk
