Ola Electric Secures Centre’s ₹95.81 Cr Incentive Under PLI-Auto Scheme
Electric two-wheeler maker Ola Electric has secured a ₹95.81 Cr incentive under the government’s Production Linked Incentive (PLI) Scheme from…
Ola Electric, an electric two-wheeler manufacturer, has earned a ₹95.81 Cr incentive from the Production Linked Incentive (PLI) Scheme, administered by the Ministry of Heavy Industries. This incentive falls under FY27, representing the third consecutive year Ola Electric has received such a boost. The incentive is part of the PLI scheme, which offers up to 18% financial aid on sales to encourage domestic manufacturing of advanced automotive technology (AAT) products.
Bhavish Aggarwal's company previously received ₹73.74 Cr for FY24 in March 2025 and ₹366.78 Cr for FY25 in December 2025. A spokesperson for Ola Electric highlighted that the third-year sanction underscores the company's manufacturing prowess and dedication to pioneering EV technology in India.
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