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March 06,2025

Ola Electric Receives PLI Scheme Incentive for FY 2023-24

Ola Electric, India’s largest electric vehicle company, has become the first two-wheeler EV manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component. The company has been granted Rs 73.74 crore for FY 2023-24 sales. This milestone highlights Ola Electric’s leadership in EV innovation, local manufacturing, and its role in driving India’s clean mobility future.

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