Ola Electric Secures ₹7,240 Cr PLI Incentives Through CY2031

Ola Electric Mobility Limited announced that the Ministry of Heavy Industries (MHI) has revised the timelines for its ACC Production Linked Incentive (PLI) Scheme for its subsidiary, Ola Cell Technologies Private Limited. This revision secures a full five-year PLI window through CY2031 for Ola Electric's 20 GWh allocation, potentially unlocking up to ₹7,240 crore in cumulative incentives. Disbursements will be made quarterly, starting next quarter. Ola Electric is on track to reach 6 GWh of installed cell-manufacturing capacity by the end of the current quarter, ahead of the revised December 2026 timeline. This development is expected to strengthen India's energy security and domestic battery ecosystem.