Ola Electric Mobility has made an official disclosure under Regulation 30 regarding the readiness of its indigenous 46100 LFP cell technology, marking a significant milestone in its End ICE Age vision and vertically integrated battery innovation efforts.

LFP Cell Technology Ready for Commercial Deployment

The company announced that its in-house developed Lithium Iron Phosphate (LFP) cell technology is now ready for prime time deployment. The new 46100 format cell is notably larger than the company's current NMC 4680 Bharat Cell and will begin integration into products starting next quarter, subject to regulatory approvals.

Gigafactory Operations and Manufacturing Scale

The gigafactory ramp-up operations continue to progress strongly, with thousands of vehicles powered by the company's 4680 Bharat Cells already operational on Indian roads. These vehicles have collectively covered millions of kilometers under real-world driving conditions, demonstrating the reliability and performance of the company's battery technology.

Strategic Benefits and Market Impact

The LFP cell technology represents a significant strategic advancement, offering multiple benefits that align with the company's broader market objectives. The introduction of LFP chemistry is expected to unlock further reductions in vehicle cost and accelerate EV adoption by making electric mobility more accessible.

End ICE Age Initiative and Customer Programs

As part of its End ICE Age journey, the company continues to focus on removing barriers to EV adoption through innovation and customer-centric initiatives. These include affordability programs, service guarantees, buyback assurances, and passing on government incentives such as PLI benefits directly to customers.

Regulatory Compliance and Official Disclosure

The disclosure was made on April 7, 2026, through official communications to NSE (Scrip Symbol: OLAELEC) and BSE (Scrip Code: 544225). The announcement was signed by Chief Financial Officer Deepak Rastogi from Bengaluru and has been hosted on the company's official website at www.olaelectric.com as part of regulatory compliance requirements.

Ola Electric Mobility announced that it has secured Production Linked Incentive (PLI) certification for its Roadster X+ 4.5 kWh motorcycle, marking a significant milestone in the company's electric motorcycle segment expansion. The certification was granted by the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme).

PLI Certification Achievement

The Roadster X+ 4.5 kWh has become the first motorcycle in Ola Electric's Roadster portfolio to receive PLI certification. This achievement represents a major step forward in the company's efforts to establish a strong presence in the electric motorcycle market.

The certification confirms minimum Domestic Value Addition (DVA) compliance for the Roadster X+ 4.5 kWh model. All units of this variant are now eligible for incentives under the PLI-Auto Scheme, providing additional benefits for the company's manufacturing operations.

Strategic Impact and Company Response

Commenting on the development, an Ola Electric spokesperson emphasized the significance of this achievement: "The PLI certification for our Roadster X+ 4.5 kWh is a strong validation of our efforts towards deep localisation and building a truly indigenous EV ecosystem. With our Roadster lineup, we are making electric motorcycles accessible to a much wider set of customers, while leading category creation in the electric motorcycle segment."

The certification reinforces several key aspects of Ola Electric's business strategy:

• Deep localisation initiatives
• Vertically integrated manufacturing capabilities
• Advancement of indigenous EV technology
• Strengthened position in India's automotive manufacturing ecosystem

Significant Price Reduction Announcement

Alongside the PLI certification news, Ola Electric announced a substantial price reduction for its Roadster X+ 9.1 kWh variant. The price cut reflects the company's ability to achieve cost efficiencies through scaled operations and technological integration.

The price reduction has been enabled by rapid economies of scale at Ola Electric's Gigafactory and deep vertical integration of its indigenously developed 4680 Bharat Cell technology. As cell production has ramped up, cost efficiencies have improved materially, allowing the company to pass these benefits directly to customers.

Manufacturing and Technology Infrastructure

Ola Electric operates through its Futurefactory in Tamil Nadu, which serves as the production hub for EVs and critical components. The facility is developing into India's most significant EV manufacturing hub, supported by the company's Battery Innovation Centre (BIC) in Bengaluru, which focuses on advancing cell and battery technology.

The company's research and development efforts span multiple locations including India, the UK, and the US, concentrating on innovative EV products and core components. Ola Electric maintains a direct-to-customer distribution network consisting of thousands of stores across India, along with a robust online presence, establishing what the company describes as the largest company-owned network of automotive experience centres in the country.