Two-wheeler maker Ola Electric files Rs 400 crore PLI claim

Electric two-wheeler maker Ola Electric has claimed incentives worth around Rs 400 crore under the government’s Production Linked Incentive (PLI) scheme for the automobiles and auto components sector, according to people familiar with the matter.

The company’s claim is based on sales of Rs 3,000 crore for FY25, which translates to an expected incentive of 13-14%. Once secured, this is expected to strengthen the company’s margins and financial performance in the coming quarters.

News website Moneycontrol was the first to report the…