Ola Electric secures 5-year PLI window, eligible for up to Rs 7,240 crore in incentives

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Automotive

12 August 2026 at 8:36 pm

Ola Electric secures 5-year PLI window, eligible for up to Rs 7,240 crore in incentives

HyperFast News

Summary

Ola Electric has secured a five-year Production Linked Incentive (PLI) window through 2031, potentially receiving up to Rs 7,240 crore in incentives for advanced chemistry cells. The Ministry of Heavy Industries revised the timelines, extending them by two years, and disbursements are expected to begin next quarter.

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