Two-wheeler maker Ola Electric files Rs 400 crore PLI claim

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Electric two-wheeler maker Ola Electric has claimed incentives worth around Rs 400 crore under the government’s Production Linked Incentive (PLI) scheme for the automobiles and auto components sector, according to people familiar with the matter.

The company’s claim is based on sales of Rs 3,000 crore for FY25, which translates to an expected incentive of 13-14%. Once secured, this is expected to strengthen the company’s margins and financial performance in the coming quarters.

News website Moneycontrol was the first to report the…



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Two-wheeler maker Ola Electric files Rs 400 crore PLI claim



Electric two-wheeler maker Ola Electric has claimed incentives worth around Rs 400 crore under the government’s Production Linked Incentive (PLI) scheme for the automobiles and auto components sector, according to people familiar with the matter.

The company’s claim is based on sales of Rs 3,000 crore for FY25, which translates to an expected incentive of 13-14%. Once secured, this is expected to strengthen the company’s margins and financial performance in the coming quarters.

News website Moneycontrol was the first to report the…



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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