Key Highlights
- Ola Electric secures ₹366.78 crore incentive under PLI Auto Scheme for FY25.
- Approval granted for demand incentive linked to FY 2024–25 sales.
- Incentive amount to be released through IFCI Limited.
- PLI sanction highlights manufacturing scale and localisation.
- Move supports India’s advanced automotive and clean mobility goals.
Ola Electric Mobility Limited has received approval for incentives worth ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components for the financial year 2024–25, as per its announcement dated December 25, 2025.
The incentive has been sanctioned by the Ministry of Heavy Industries and pertains to the demand incentive based on the determined sales value for FY25. The approved amount has been authorised for release through IFCI Limited, the designated financial institution responsible for disbursement under the scheme.
The sanction reflects Ola Electric’s execution across manufacturing scale, localisation, and technology-led vertical integration. The company stated that the incentive recognises its sustained efforts in expanding domestic production, strengthening local supply chains, and driving innovation across the electric mobility value chain.
Ola Electric continues to focus on building advanced electric vehicle and component manufacturing capabilities in India, aligned with the national objective of promoting clean mobility and strengthening the country’s position in global automotive manufacturing.
The PLI Auto Scheme is a flagship initiative of the Government of India aimed at boosting domestic manufacturing, encouraging adoption of advanced automotive technologies, and enhancing competitiveness in the automobile and auto components sector.