Ola Electric Mobility Business Update
Ola Electric has received a ₹95.81 Crore sanction under the PLI-Auto scheme for FY 2026-27. This incentive supports the company's sustained efforts in domestic manufacturing.
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- ₹95.81 Cr
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Ola Electric has received a ₹95.81 Crore sanction under the PLI-Auto scheme for FY 2026-27. This incentive supports the company's sustained efforts in domestic manufacturing.
The Ministry of Heavy Industries revised Ola Electric's PLI timelines, allowing the company to unlock up to ₹7,240 Crore in cumulative incentives through CY2031.
Ola Electric signed an MoU with Axis Energy for the deployment of 20 GWh battery energy storage systems by 2032. This marks the company's expansion into utility-scale storage.