{
  "id": 4214522,
  "title": "Ola Electric Secures Centre’s ₹95.81 Cr Incentive Under PLI-Auto Scheme",
  "url": "https://urgent.news/2026/08/29/ola-electric-secures-centres-95-81-cr-incentive-under-pli-auto-scheme",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-29T13:53:36.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ola-electric-secures-centres-%e2%82%b995-81-cr-incentive-under-pli-auto-scheme/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Electric two-wheeler maker Ola Electric has secured a ₹95.81 Cr incentive under the government’s Production Linked Incentive (PLI) Scheme from…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}