IPO-bound Ola Electric has become the first Indian e2W (electric two-wheeler) company to become eligible for the government’s production-linked incentive (PLI) scheme. The Ministry of Heavy Industries (MHI) has given its approval after a four-month-long process. iIt is worth noting that other major players like Hero MotoCorp, TVS Motor Company, and Bajaj Auto have also applied for the PLI scheme.