Ola Electric's S1 X+ model gets govt approval, shares rise 4%

Ola Electric announced that it had received government approval for its S1 X+ model, which is the company's longest-range product in its mass-market scooter portfolio. Its shares' price rose 4.35% from ₹35.12 closing yesterday to reaching ₹36.65 as day's high on Friday. It noted that S1 X+ delivers a top speed of 125 km/hr with an 11 kW mid-drive motor.