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.

Ola Electric secured Rs 95.81 crore under the PLI-Auto Scheme for FY 2026-27. This incentive follows a previous sanction of Rs 366.78 crore for FY 2024-25. The company's…

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…