Ola Electric Mobility Receives Sanction Order for Production Linked Incentive Scheme

Ola Electric Mobility Limited has informed the exchange about the receipt of a sanction order for the Production Linked Incentive Scheme from the Ministry of Heavy Industries. The sanction order, dated December 24, 2025, has been issued to Ola Electric Technologies Private Limited, a wholly owned subsidiary of Ola Electric Mobility Limited. The order pertains to the release of Demand Incentive to IFCI Limited for disbursement of the incentive claim to Ola Electric Technologies Private Limited. The claim is for the Determined Sales Value of FY 2024-25, under the Production Linked Incentive Scheme for Automobile and Auto Components. The payment of Rs. 366,77,59,642/- (Rupees Three Hundred Sixty-Six Crore Seventy-Seven Lakh Fifty-Nine Thousand Six Hundred Forty-Two Only) has been sanctioned towards the incentive for the Determined Sales Value of FY 2024-25.