on Friday said it has secured production linked incentive (PLI) certification for its Roadster X+ 4.5 kWh motorcycle, marking a key milestone in its push into the electric motorcycle segment.
In a stock exchange filing, the company said the certification — granted by the Global Automotive Research Centre under the government’s PLI-Auto Scheme — confirmed compliance with eligibility norms, including minimum Domestic Value Addition (DVA) requirements.
With this, the Roadster X+ 4.5 kWh becomes the first motorcycle in Ola Electric’s Roadster portfolio to receive PLI certification, making it eligible for incentives under the scheme for all units of the model.
The company said the certification validates its focus on localisation and indigenous manufacturing. An Ola Electric spokesperson noted that the development reflects efforts to build a domestic EV ecosystem while expanding access to electric motorcycles across a wider customer base.
Separately, Ola Electric recently announced a sharp price cut for its higher-capacity Roadster X+ 9.1 kWh variant, powered by its indigenously developed 4680 Bharat Cell. The model is now priced at ₹1,29,999, down from ₹1,89,999, with availability limited to select purchase windows.
The stock on Thursday closed 9 per cent higher at ₹28.34 on the National Stock Exchange.