Ola Electric gets PLI certification for Gen 3 scooters
Ola Electric just scored a big win by getting PLI (production-linked incentive) certification for its latest Gen 3 scooters.
This makes both Gen 2 and Gen 3 lines eligible for government incentives of 13-18% on sales until 2028, helping Ola cut costs and price its scooters more competitively as it chases profitability.
Ola's financials for the quarter ending June 30, 2025
For the quarter ending June 30, 2025, Ola posted a net loss of ₹271 crore (up from last year), and revenue almost halved to ₹826 crore.
On the upside, their gross margin improved to 25.6%, and EBITDA loss shrank a bit.
Scooter deliveries dropped too—just over 68,000 units this quarter compared to more than double that last year.
Operational profitability on the cards for Ola
Ola says it's aiming for operational profitability this financial year by tightening costs and lowering its breakeven point to under 25,000 units sold per month.
The new PLI certification is expected to speed things up by making their electric two-wheelers even more affordable—and hopefully get them back in the fast lane soon.