Ola Electric Secures ₹367 Cr PLI-Auto Incentive for FY25

Ola Electric has secured a ₹366.78 crore incentive under the PLI-Auto scheme for FY25 from the Ministry of Heavy Industries. This led to a jump of over 5% in its share price.

• Ola Electric received ₹366.78 crore PLI-Auto incentive for FY25.
• Incentive sanctioned by India's Ministry of Heavy Industries.
• Company's share price surged over 5% following the announcement.
• Funds to be disbursed via IFCI Limited, the designated agency.
• PLI-Auto scheme boosts domestic advanced automotive technology.
• Sanction reflects Ola Electric's manufacturing capabilities in EVs.

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