Govt revises ACC PLI timelines for Ola Electric; unlocks up to ₹7,240 crore

🇮🇳 The Hindu (IN) —
Govt revises ACC PLI timelines for Ola Electric; unlocks up to ₹7,240 crore

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The Indian government revised Production Linked Incentive (PLI) timelines for Ola Electric, securing a five-year window through 2031 for a 20 GWh allotment. This approval unlocks up to ₹7,240 crore in cumulative incentives for the company’s electric vehicle production.

The MHI revision is much more than a timeline extension. The approval secures a full five-year PLI window through CY2031 for Ola Electric's 20 GWh allocation and unlocks up to ₹7,240 crore in cumulative PLI incentives, the company said in a statement

Markets Deals Ola Electric PLI incentives Indian government electric vehicles production investment

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