Ola Electric unlocks ₹7,240 crore PLI incentive

Ola Electric has secured a revised Advanced Chemistry Cell Production Linked Incentive Scheme timeline, providing a five-year incentive window through CY2031 for its 20 GWh allocation and unlocking incentives of up to ₹7,240 crore. The company currently has 2.5 GWh capacity, with another 3.5 GWh under installation, taking total capacity to 6 GWh.