Ola Electric Bags INR 367 Cr PLI Incentive On FY25 Sales

The incentives are expected to strengthen Ola’s liquidity position and support its financial performance in the coming quarters

This comes three months after the company filed a claim of around INR 400 Cr under the PLI scheme for FY25, citing eligible sales of about INR 3,000 Cr during the fiscal

Launched in 2021, the INR 26,000 Cr PLI scheme for the automobile and auto components aims to boost manufacturing, drive deeper localisation and build robust supply chains

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