India, Sept. 1 -- Shares of EV makers Ather Energy and Ola Electric rose sharply in the intraday trade today.

Ola Electric continued the strong momentum seen over the past few sessions, with its shares surging 12.8% to INR 60.91 on the BSE. Shares of Ather climbed 6.9% to hit a fresh all-time high of INR 481.

The rally in Ola Electric has come on the back of the company's Gen3 scooter lineup getting the certification for production linked incentive (PLI) scheme last week. The stock has gained nearly 25% in the last five trading sessions (at the current market price).

Besides, sequential improvement in its financial performance, plans to integrate its battery cells into its EVs, among other factors, also contributed to the uptrend. The ...