Ola Electric Share Price Gains 3% on June 23 After BIS Certification for Indigenous Battery Cell

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 — a gain of nearly 4% at its peak — following the company’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 — significantly higher than average — reflecting strong retail participation in the catalyst-driven move.

The BIS certification is a significant regulatory milestone for Ola Electric. It means the company’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’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’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.

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Ola Electric Share Price and BIS Certification: Key Data

Parameter	Details
Ola Electric Share Price (June 23 Close)	Rs 43.63
Change vs Prev Close (Rs 42.52)	+Rs 1.11 (+2.61%)
Intraday High	Rs 44.18 (+3.9% from prev close)
Intraday Low	Rs 41.87
Volume	13.67 crore shares (above average)
NSE Symbol	OLAELEC
IPO Price (August 2024)	Rs 76 per share
BIS Certification	Bureau of Indian Standards — indigenous battery cell
Manufacturing Location	Bharat Cell Gigafactory, Krishnapatnam, Andhra Pradesh
Strategic Significance	PLI eligibility + reduced China import dependency

Why BIS Certification Matters for Ola Electric Share Price

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1. PLI Scheme Benefits: Direct Revenue Impact

India’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’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 — an additional revenue stream that was previously unavailable when the company was using only imported cells.

2. Supply Chain De-risking: End of China Cell Dependency

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.

3. Technology Validation: India’s First Gigafactory Cell

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’s Bharat Cell initiative — which is attempting to manufacture cells at gigafactory scale in India for the first time — 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&D-to-manufacturing threshold, moving from prototype validation to commercially certifiable production quality.

4. Context: Ola Electric Share Price vs IPO Levels

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 “in development” to “certified and deployable.” 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.

Conclusion

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’s vertical integration journey. Track the Ola Electric share price live on Univest. Consult a SEBI-registered financial advisor before investing.

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Frequently Asked Questions

Why is Ola Electric share price rising today?

Ans. 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.

What is BIS certification for battery cells?

Ans. 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.

What is the ACC PLI scheme?

Ans. 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.

What is Ola Electric’s Bharat Cell initiative?

Ans. 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.

What is Ola Electric’s IPO price?

Ans. 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.

How does BIS certification affect Ola Electric’s financials?

Ans. 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.

What is Ola Electric’s NSE symbol?

Ans. 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.

Is Ola Electric a good buy after the BIS certification news?

Ans. 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. 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.