{"id":128225,"date":"2026-06-23T16:29:49","date_gmt":"2026-06-23T10:59:49","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=128225"},"modified":"2026-06-23T16:29:50","modified_gmt":"2026-06-23T10:59:50","slug":"ola-electric-share-price-bis-certification-battery-cell-june-23-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/","title":{"rendered":"Ola Electric Share Price Gains 3% on June 23 After BIS Certification for Indigenous Battery Cell"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Ola Electric share price: Rs 43.63 (+2.61%) on June 23. Intraday high Rs 44.18 (+3.9%). BIS certification for indigenous battery cell. Volume 13.67 crore shares. IPO Aug 2024 at Rs 76.<\/em><\/p>\n<p>Ola Electric share price closed at Rs 43.63 on June 23, 2026, up 2.61% from the previous close of Rs 42.52, after touching an intraday high of Rs 44.18 \u2014 a gain of nearly 4% at its peak \u2014 following the company&#8217;s announcement of Bureau of Indian Standards (BIS) certification for its indigenously manufactured battery cell. The Ola Electric share price opened at Rs 42.72, dipped to a low of Rs 41.87 in early trade, and then rallied sharply on the BIS certification news, with trading volume of 13.67 crore shares \u2014 significantly higher than average \u2014 reflecting strong retail participation in the catalyst-driven move.<\/p>\n<p>The BIS certification is a significant regulatory milestone for Ola Electric. It means the company&#8217;s in-house manufactured battery cells, developed through its Bharat Cell initiative and manufactured at the Gigafactory in Krishnapatnam, Andhra Pradesh, are now officially certified by India&#8217;s standards authority for use in commercial electric vehicles. This certification has two major implications for the Ola Electric share price: it opens the path to PLI (Production Linked Incentive) scheme benefits for domestically manufactured cells, and it reduces Ola&#8217;s dependence on imported battery cells from China and South Korea, strengthening the supply chain for its electric two-wheelers. Ankit Jaiswal, Senior Research Analyst at Univest notes that BIS certification for an indigenously manufactured cell is a technology validation signal, and the Ola Electric share price reaction today reflects the market pricing in the improved cost economics and policy benefit potential of domestic cell manufacturing.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=ola-electric-share-price-bis-certification-battery-cell-june-23-2026\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#Ola_Electric_Share_Price_and_BIS_Certification_Key_Data\" title=\"Ola Electric Share Price and BIS Certification: Key Data\">Ola Electric Share Price and BIS Certification: Key Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#Why_BIS_Certification_Matters_for_Ola_Electric_Share_Price\" title=\"Why BIS Certification Matters for Ola Electric Share Price\">Why BIS Certification Matters for Ola Electric Share Price<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#1_PLI_Scheme_Benefits_Direct_Revenue_Impact\" title=\"1. PLI Scheme Benefits: Direct Revenue Impact\">1. PLI Scheme Benefits: Direct Revenue Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#2_Supply_Chain_De-risking_End_of_China_Cell_Dependency\" title=\"2. Supply Chain De-risking: End of China Cell Dependency\">2. Supply Chain De-risking: End of China Cell Dependency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#3_Technology_Validation_Indias_First_Gigafactory_Cell\" title=\"3. Technology Validation: India&#8217;s First Gigafactory Cell\">3. Technology Validation: India&#8217;s First Gigafactory Cell<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#4_Context_Ola_Electric_Share_Price_vs_IPO_Levels\" title=\"4. Context: Ola Electric Share Price vs IPO Levels\">4. Context: Ola Electric Share Price vs IPO Levels<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#Why_is_Ola_Electric_share_price_rising_today\" title=\"Why is Ola Electric share price rising today?\">Why is Ola Electric share price rising today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#What_is_BIS_certification_for_battery_cells\" title=\"What is BIS certification for battery cells?\">What is BIS certification for battery cells?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#What_is_the_ACC_PLI_scheme\" title=\"What is the ACC PLI scheme?\">What is the ACC PLI scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#What_is_Ola_Electrics_Bharat_Cell_initiative\" title=\"What is Ola Electric&#8217;s Bharat Cell initiative?\">What is Ola Electric&#8217;s Bharat Cell initiative?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#What_is_Ola_Electrics_IPO_price\" title=\"What is Ola Electric&#8217;s IPO price?\">What is Ola Electric&#8217;s IPO price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#How_does_BIS_certification_affect_Ola_Electrics_financials\" title=\"How does BIS certification affect Ola Electric&#8217;s financials?\">How does BIS certification affect Ola Electric&#8217;s financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#What_is_Ola_Electrics_NSE_symbol\" title=\"What is Ola Electric&#8217;s NSE symbol?\">What is Ola Electric&#8217;s NSE symbol?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/ola-electric-share-price-bis-certification-battery-cell-june-23-2026\/#Is_Ola_Electric_a_good_buy_after_the_BIS_certification_news\" title=\"Is Ola Electric a good buy after the BIS certification news?\">Is Ola Electric a good buy after the BIS certification news?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ola_Electric_Share_Price_and_BIS_Certification_Key_Data\"><\/span><strong>Ola Electric Share Price and BIS Certification: Key Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/olaelec\/ola-electric-mobility-ltd-share-price-today\">Ola Electric<\/a> Share Price (June 23 Close)<\/td>\n<td>Rs 43.63<\/td>\n<\/tr>\n<tr>\n<td>Change vs Prev Close (Rs 42.52)<\/td>\n<td>+Rs 1.11 (+2.61%)<\/td>\n<\/tr>\n<tr>\n<td>Intraday High<\/td>\n<td>Rs 44.18 (+3.9% from prev close)<\/td>\n<\/tr>\n<tr>\n<td>Intraday Low<\/td>\n<td>Rs 41.87<\/td>\n<\/tr>\n<tr>\n<td>Volume<\/td>\n<td>13.67 crore shares (above average)<\/td>\n<\/tr>\n<tr>\n<td>NSE Symbol<\/td>\n<td>OLAELEC<\/td>\n<\/tr>\n<tr>\n<td>IPO Price (August 2024)<\/td>\n<td>Rs 76 per share<\/td>\n<\/tr>\n<tr>\n<td>BIS Certification<\/td>\n<td>Bureau of Indian Standards \u2014 indigenous battery cell<\/td>\n<\/tr>\n<tr>\n<td>Manufacturing Location<\/td>\n<td>Bharat Cell Gigafactory, Krishnapatnam, Andhra Pradesh<\/td>\n<\/tr>\n<tr>\n<td>Strategic Significance<\/td>\n<td>PLI eligibility + reduced China import dependency<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_BIS_Certification_Matters_for_Ola_Electric_Share_Price\"><\/span><strong>Why BIS Certification Matters for Ola Electric Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Ola Electric Share Price and EV Stocks Live on Univest Screener<\/strong><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_PLI_Scheme_Benefits_Direct_Revenue_Impact\"><\/span><strong>1. PLI Scheme Benefits: Direct Revenue Impact<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>India&#8217;s Advanced Chemistry Cell (ACC) Production Linked Incentive scheme provides financial incentives to companies that manufacture battery cells domestically at certified production scales. With BIS certification now in hand, Ola Electric&#8217;s Bharat Cell division becomes eligible to claim PLI benefits on every unit of certified cell produced. The ACC PLI scheme offers incentives of up to Rs 18,100 crore over five years for the industry, and domestic cell manufacturers who achieve BIS certification are a priority beneficiary. The Ola Electric share price is responding to the direct financial benefit that the PLI scheme eligibility represents \u2014 an additional revenue stream that was previously unavailable when the company was using only imported cells.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Supply_Chain_De-risking_End_of_China_Cell_Dependency\"><\/span><strong>2. Supply Chain De-risking: End of China Cell Dependency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ola Electric, like all Indian EV manufacturers, has historically been dependent on imported lithium-ion battery cells primarily from Chinese manufacturers (CATL, BYD) and South Korean companies (LG Energy Solution, Samsung SDI). This dependency creates risk exposure to import duties, geopolitical supply disruptions, and currency fluctuations. BIS certification of an indigenous cell means Ola Electric can now source a growing proportion of cells from its own Gigafactory, reducing this dependency progressively. For the Ola Electric share price, vertical integration in battery cells is a long-term positive as it compresses the bill-of-materials cost for each electric two-wheeler produced and improves margin visibility.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Technology_Validation_Indias_First_Gigafactory_Cell\"><\/span><strong>3. Technology Validation: India&#8217;s First Gigafactory Cell<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>BIS certification is not trivial from a technical standpoint. It requires the battery cell to pass a series of performance, safety, and durability tests established by the Bureau of Indian Standards, covering charge-discharge cycling, thermal stability, vibration resistance, and short-circuit protection. For Ola Electric&#8217;s Bharat Cell initiative \u2014 which is attempting to manufacture cells at gigafactory scale in India for the first time \u2014 achieving this certification validates the technical maturity of the manufacturing process. The Ola Electric share price gain today reflects investor recognition that the company has crossed a critical R&amp;D-to-manufacturing threshold, moving from prototype validation to commercially certifiable production quality.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Context_Ola_Electric_Share_Price_vs_IPO_Levels\"><\/span><strong>4. Context: Ola Electric Share Price vs IPO Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ola Electric share price at Rs 43.63 is still significantly below its IPO listing price of Rs 76 (August 2024), reflecting the challenges the company has faced including service centre complaints, slowing EV two-wheeler market growth, and a high cash burn rate at the Gigafactory. However, the BIS certification today represents a fundamental de-risking event for the Ola Electric share price because it moves the battery technology narrative from &#8220;in development&#8221; to &#8220;certified and deployable.&#8221; If the company can ramp Gigafactory output and achieve PLI-eligible production volumes at scale, the structural case for the Ola Electric share price re-rating toward its IPO levels strengthens materially over the next 12-18 months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ola Electric share price gained 2.61% to Rs 43.63 on June 23, 2026, touching a high of Rs 44.18 (+3.9%), after BIS certification for its indigenously manufactured battery cell opened the path to PLI scheme benefits and supply chain de-risking. While the Ola Electric share price remains well below its August 2024 IPO price of Rs 76, this certification is a meaningful milestone in the company&#8217;s vertical integration journey. Track the Ola Electric share price live on Univest. Consult a SEBI-registered financial advisor before investing.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Ola Electric share price and EV sector stocks live on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> All data and stock prices sourced from publicly available information and live exchange feeds as of June 23, 2026. Please verify with NSE (nseindia.com) and BSE (bseindia.com). Investments are subject to market risk. Educational content only. Not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Ola_Electric_share_price_rising_today\"><\/span><strong>Why is Ola Electric share price rising today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Ola Electric share price rose 2.61% to Rs 43.63 on June 23, 2026, touching an intraday high of Rs 44.18 (+3.9%) after the company received BIS (Bureau of Indian Standards) certification for its indigenously manufactured battery cell. The certification opens the path to PLI scheme benefits and reduces import dependency on Chinese and South Korean cell suppliers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_BIS_certification_for_battery_cells\"><\/span><strong>What is BIS certification for battery cells?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> BIS (Bureau of Indian Standards) certification is India&#8217;s official quality and safety standard approval for battery cells used in electric vehicles. It requires the cell to pass rigorous performance, safety, thermal stability, and durability tests. For Ola Electric, BIS certification of its indigenous Bharat Cell means the cell is commercially qualified for use in production EVs and eligible for PLI scheme incentives.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_ACC_PLI_scheme\"><\/span><strong>What is the ACC PLI scheme?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The ACC (Advanced Chemistry Cell) Production Linked Incentive scheme is a Government of India programme offering up to Rs 18,100 crore in incentives over five years for domestic battery cell manufacturers. Companies with BIS-certified cells manufactured at eligible scales can claim PLI benefits per unit produced. Ola Electric&#8217;s BIS certification now makes it eligible for these incentives.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Ola_Electrics_Bharat_Cell_initiative\"><\/span><strong>What is Ola Electric&#8217;s Bharat Cell initiative?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharat Cell is Ola Electric&#8217;s indigenous battery cell R&amp;D and manufacturing programme. The company has built a Gigafactory in Krishnapatnam, Andhra Pradesh to manufacture lithium-ion cells domestically. The BIS certification announced today is the first major regulatory milestone for Bharat Cell, validating the manufacturing quality of cells produced at the Gigafactory.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Ola_Electrics_IPO_price\"><\/span><strong>What is Ola Electric&#8217;s IPO price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Ola Electric IPO price was Rs 76 per share, and the company listed on NSE and BSE in August 2024. At the current Ola Electric share price of Rs 43.63 on June 23, 2026, the stock is trading at a significant discount to its IPO level, reflecting challenges including service infrastructure complaints, slower-than-expected EV market growth, and Gigafactory ramp-up costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_BIS_certification_affect_Ola_Electrics_financials\"><\/span><strong>How does BIS certification affect Ola Electric&#8217;s financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> BIS certification enables Ola Electric to claim PLI scheme incentives on domestically manufactured cells, creating a new revenue stream. It also enables supply chain de-risking by reducing reliance on imported cells, which carry import duty costs and supply chain risk. Both factors are positive for the Ola Electric share price as they improve the long-term cost structure of the business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Ola_Electrics_NSE_symbol\"><\/span><strong>What is Ola Electric&#8217;s NSE symbol?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Ola Electric Mobility Ltd trades on NSE under the symbol OLAELEC. The company is India&#8217;s largest electric two-wheeler manufacturer. The Ola Electric share price today closed at Rs 43.63, up 2.61% from the previous close of Rs 42.52, on BIS battery cell certification news.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Ola_Electric_a_good_buy_after_the_BIS_certification_news\"><\/span><strong>Is Ola Electric a good buy after the BIS certification news?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Whether the Ola Electric share price is a good buy depends on the investor&#8217;s view on the EV two-wheeler market, the Gigafactory ramp-up timeline, and PLI scheme benefit realisation. The BIS certification is a positive fundamental catalyst, but the company still faces challenges in scaling production volumes and achieving profitability. Consult a SEBI-registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Ola Electric share price rising today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ola Electric share price rose 2.61% to Rs 43.63 on June 23, 2026, touching an intraday high of Rs 44.18 (+3.9%) after the company received BIS (Bureau of Indian Standards) certification for its indigenously manufactured battery cell. The certification opens the path to PLI scheme benefits and reduces import dependency on Chinese and South Korean cell suppliers.\"}},{\"@type\":\"Question\",\"name\":\"What is BIS certification for battery cells?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"BIS (Bureau of Indian Standards) certification is India's official quality and safety standard approval for battery cells used in electric vehicles. It requires the cell to pass rigorous performance, safety, thermal stability, and durability tests. For Ola Electric, BIS certification of its indigenous Bharat Cell means the cell is commercially qualified for use in production EVs and eligible for PLI scheme incentives.\"}},{\"@type\":\"Question\",\"name\":\"What is the ACC PLI scheme?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The ACC (Advanced Chemistry Cell) Production Linked Incentive scheme is a Government of India programme offering up to Rs 18,100 crore in incentives over five years for domestic battery cell manufacturers. Companies with BIS-certified cells manufactured at eligible scales can claim PLI benefits per unit produced. Ola Electric's BIS certification now makes it eligible for these incentives.\"}},{\"@type\":\"Question\",\"name\":\"What is Ola Electric's Bharat Cell initiative?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bharat Cell is Ola Electric's indigenous battery cell R&D and manufacturing programme. The company has built a Gigafactory in Krishnapatnam, Andhra Pradesh to manufacture lithium-ion cells domestically. The BIS certification announced today is the first major regulatory milestone for Bharat Cell, validating the manufacturing quality of cells produced at the Gigafactory.\"}},{\"@type\":\"Question\",\"name\":\"What is Ola Electric's IPO price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ola Electric IPO price was Rs 76 per share, and the company listed on NSE and BSE in August 2024. At the current Ola Electric share price of Rs 43.63 on June 23, 2026, the stock is trading at a significant discount to its IPO level, reflecting challenges including service infrastructure complaints, slower-than-expected EV market growth, and Gigafactory ramp-up costs.\"}},{\"@type\":\"Question\",\"name\":\"How does BIS certification affect Ola Electric's financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"BIS certification enables Ola Electric to claim PLI scheme incentives on domestically manufactured cells, creating a new revenue stream. It also enables supply chain de-risking by reducing reliance on imported cells, which carry import duty costs and supply chain risk. Both factors are positive for the Ola Electric share price as they improve the long-term cost structure of the business.\"}},{\"@type\":\"Question\",\"name\":\"What is Ola Electric's NSE symbol?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ola Electric Mobility Ltd trades on NSE under the symbol OLAELEC. The company is India's largest electric two-wheeler manufacturer. The Ola Electric share price today closed at Rs 43.63, up 2.61% from the previous close of Rs 42.52, on BIS battery cell certification news.\"}},{\"@type\":\"Question\",\"name\":\"Is Ola Electric a good buy after the BIS certification news?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Whether the Ola Electric share price is a good buy depends on the investor's view on the EV two-wheeler market, the Gigafactory ramp-up timeline, and PLI scheme benefit realisation. 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