What Happened
Ola Electric secured Rs 95.81 crore under the PLI-Auto Scheme for FY 2026-27. This incentive follows a previous sanction of Rs 366.78 crore for FY 2024-25. The company's manufacturing capabilities and commitment to EV technology are recognized. This reinforces Ola Electric's role in India's advanced automotive manufacturing ecosystem. The scheme aims to strengthen domestic manufacturing and encourage advanced automotive technologies.