Ola Electric Bags INR 367 Cr PLI Incentive On FY25 Sales

by · Inc42

SUMMARY

  • The incentives are expected to strengthen Ola’s liquidity position and support its financial performance in the coming quarters
  • This comes three months after the company filed a claim of around INR 400 Cr under the PLI scheme for FY25, citing eligible sales of about INR 3,000 Cr during the fiscal
  • Launched in 2021, the INR 26,000 Cr PLI scheme for the automobile and auto components aims to boost manufacturing, drive deeper localisation and build robust supply chains