Mobility
Ola Electric Seeks INR 400 Cr PLI Incentive On FY25 Sales
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SUMMARY
The 13-14% incentive is expected to boost Ola’s liquidity and support its financial performance
The company had earlier received about INR 74 Cr under the PLI-auto scheme for FY24
The company has previously said that auto component PLI-certified products also began contributing to gross margin expansion in H2 FY25
EV major Ola Electric
has reportedly filed a claim of around INR 400 Cr under the central government’s production-linked incentive (PLI) scheme for FY25. According to a report by PTI, the claim is based…
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