SynopsisOla Electric has secured a Rs 95.81 crore incentive under the government’s Production Linked Incentive (PLI) scheme for automobiles and auto components for FY27. This is its third consecutive payout, taking total sanctioned incentives to about Rs 536.3 crore as the electric two-wheeler maker works to revive sales and expand domestic battery and cell manufacturing.Electric two-wheeler maker Ola Electric has received a sanction order for Rs 95.81 crore under the government’s Production Linked Incentive (PLI) scheme for automobiles and auto components, the company said in an exchange filing on Friday.The incentive by the Ministry of Heavy Industries for FY27, will be released through IFCI, the central nodal agency for disbursement under the PLI-Auto scheme.This is the third consecutive year that OlaNow Playing
Ola Electric gets Rs 95.8 crore PLI incentive for third consecutive year - The Economic Times
Ola Electric has secured a Rs 95.81 crore incentive under the government’s Production Linked Incentive (PLI) scheme for automobiles and auto components for FY27. This is its third consecutive payout, taking total sanctioned incentives to about Rs 536.3 crore as the electric two-wheeler maker works to revive sales and expand domestic battery and cell manufacturing.
122 words~1 min read
