Ola Electric Granted Two-Year Extension on Cell-Manufacturing PLI Milestones

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Automotive

12 August 2026 at 5:45 pm

Ola Electric Granted Two-Year Extension on Cell-Manufacturing PLI Milestones

HyperFast News

Summary

Ola Electric has received a two-year extension on its cell-manufacturing PLI milestones, securing a five-year PLI window until 2031. This extension could unlock up to Rs 7,240 crore in cumulative incentives, which will be disbursed quarterly starting next quarter.

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