Ola Electric secures Rs 366.78 Cr under govt PLI scheme for FY25

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Electric two-wheeler maker Ola Electric Mobility Limited has received a sanction order from the Ministry of Heavy Industries for incentives worth Rs 366.78 crore under the government’s Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for the financial year ended March 2025.

In a regulatory filing dated December 25, the company said the sanction order was issued in favour of its wholly owned subsidiary, Ola Electric Technologies Private Limited. The approval relates to the release of demand incentives linked to the…



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Ola Electric secures Rs 366.78 Cr under govt PLI scheme for FY25


Electric two-wheeler maker Ola Electric Mobility Limited has received a sanction order from the Ministry of Heavy Industries for incentives worth Rs 366.78 crore under the government’s Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for the financial year ended March 2025.

In a regulatory filing dated December 25, the company said the sanction order was issued in favour of its wholly owned subsidiary, Ola Electric Technologies Private Limited. The approval relates to the release of demand incentives linked to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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