Ola Electric’s S1 X 2 kWh gets PLI certification; Here's what you need to know

Bhavish Aggarwal-led electric two-wheeler maker Ola Electric recently announced that its affordable scooter, the S1 X 2kWh, has received the Certification for Compliance with the eligibility assessment requirements as per the Production Linked Incentive (PLI) Scheme for the automobile and auto components.

With this certification, Ola Electric now boasts five products—both premium and mass-market two-wheelers—that are certified under the PLI scheme.

The certification of the S1 X 2kWh means that Ola's entire range of mass-market scooters has successfully met the stringent 50% minimum localisation criteria set by the Ministry of Heavy Industries.

Company highlights scheme's role in growth

“S1 X 2 kWh is the fifth product in our portfolio to receive the PLI Certification. Receiving the PLI certification for our third mass-market product affirms our vertically integrated manufacturing strength marking a significant achievement in advancing India's EV vision," the company's spokesperson said.

The spokesperson emphasized the impact of the government's initiative, stating, "The Auto PLI Scheme has been a game changer, encouraging manufacturers to strengthen local supply chains, boost domestic manufacturing, and help companies achieve economies of scale."

ARAI grants certification

Ola Electric said that certification was granted by the Automotive Research Association of India (ARAI) after thorough testing of the product and verification of component localisation.

Under the scheme, the Bengaluru-based EV maker is eligible for incentives for up to five consecutive financial years, starting from fiscal year 2024.

The incentive will range between 13% and 18% of the "determined sales value" (DSV) of the products. The company has previously received PLI certificates for the S1 Pro, S1 Air, S1 X 3kWh, and S1 X 4kWh models.

Notably, Ola Electric has also been awarded 20GWh capacity by the government under its PLI scheme for Advanced Chemistry Cell (ACC) Battery storage in March 2022. The company is eligible to receive incentives under the Cell PLI scheme over a five-year period from the date of commissioning of the Ola Gigafactory in Krishnagiri, Tamil Nadu.