Ola Electric Seeks INR 400 Cr PLI Incentive On FY25 Sales

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SUMMARY

The 13-14% incentive is expected to boost Ola’s liquidity and support its financial performance

The company had earlier received about INR 74 Cr under the PLI-auto scheme for FY24

The company has previously said that auto component PLI-certified products also began contributing to gross margin expansion in H2 FY25

EV major Ola Electric has reportedly filed a claim of around INR 400 Cr under the central government’s production-linked incentive (PLI) scheme for FY25. According to a report by PTI, the claim is based…



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Ola Electric Seeks INR 400 Cr PLI Incentive On FY25 Sales


SUMMARY

The 13-14% incentive is expected to boost Ola’s liquidity and support its financial performance

The company had earlier received about INR 74 Cr under the PLI-auto scheme for FY24

The company has previously said that auto component PLI-certified products also began contributing to gross margin expansion in H2 FY25

EV major Ola Electric has reportedly filed a claim of around INR 400 Cr under the central government’s production-linked incentive (PLI) scheme for FY25. According to a report by PTI, the claim is based…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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