Electric two-wheeler maker Ola Electric Mobility Limited has received a sanction order from the Ministry of Heavy Industries for incentives worth Rs 366.78 crore under the government’s Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for the financial year ended March 2025.
In a regulatory filing dated December 25, the company said the sanction order was issued in favour of its wholly owned subsidiary, Ola Electric Technologies Private Limited. The approval relates to the release of demand incentives linked to the…

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