Ola Electric secures ₹367 crore incentive under PLI-Auto Scheme

Ola Electric on Thursday announced it has received a sanction order from the Ministry of Heavy Industries for the release of incentives worth ₹366.78 crore. The incentives, under the Production Linked Incentive Scheme for Automobile and Auto Components, pertained to the demand incentive for the determined sales value for FY25. The scheme was launched in 2021.