Ola Electric Secures ₹95.81 Crore PLI-Auto Incentive

Ola Electric Mobility Limited has announced receiving a sanction order for ₹95.81 Crore (₹95,80,91,273) from the Ministry of Heavy Industries under the Production Linked Incentive (PLI)-Auto Scheme for FY 2026-27. This marks the third consecutive year the company has received this incentive, following ₹73.74 Crore for FY 2023-24 and ₹366.78 Crore for FY 2024-25. The incentive reinforces Ola Electric's contribution to India's advanced automotive manufacturing ecosystem, highlighting its strengths in scale, localization, and vertically integrated manufacturing. The company views this as an endorsement of its manufacturing capabilities and commitment to developing EV technology in India, aligning with the government's vision to make India a global EV hub.