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Ola Electric secures Rs 367 crore PLI-Auto incentive for FY25
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Ola Electric on Thursday said it has received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to Rs 366.78 crore under the production-linked incentive scheme.
The sanction pertains to the demand incentive for the determined sales value for FY 2024-25, and authorises a payment of Rs 366.78 crore to be released through IFCI Limited, the designated financial institution for disbursement under the scheme, the Bengaluru-based firm said in a statement.
The incentive has been sanctioned in accordance with…
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