Ola Electric Seeks INR 400 Cr PLI Incentive On FY25 Sales

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…