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Ola Electric Mobility receives Rs 366.78 crore PLI-Auto Incentive for FY25
Dec-26-2025

Ola Electric Mobility has received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25. 

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, the designated financial institution for disbursement under the scheme. The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.

This milestone reinforces Ola Electric’s role as a key contributor to India’s advanced automotive manufacturing ecosystem and reflects the company’s strong execution across scale, localisation, and technology-led vertically integrated manufacturing.

Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Future factory.

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