Ola Electric Gets INR 73.7 Cr Incentive Under PLI Auto Scheme: Report 

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Listed EV major Ola Electric has reportedly become the first two-wheeler EV manufacturer to receive incentives under the Centre’s PLI Scheme for automotive and auto components. 

A Moneycontrol report said that the company has been granted an incentive of INR 73.7 Cr based on its sales for the financial year 2023-24. 

Ola Electric declined to comment on the development.

As per Vahan portal, Ola Electric’s total EV registrations stood at 3.29 Lakh units in FY24 as against 1.52 Lakh units in FY23.

It is pertinent to note that the company…



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Ola Electric Gets INR 73.7 Cr Incentive Under PLI Auto Scheme: Report 


Listed EV major Ola Electric has reportedly become the first two-wheeler EV manufacturer to receive incentives under the Centre’s PLI Scheme for automotive and auto components. 

A Moneycontrol report said that the company has been granted an incentive of INR 73.7 Cr based on its sales for the financial year 2023-24. 

Ola Electric declined to comment on the development.

As per Vahan portal, Ola Electric’s total EV registrations stood at 3.29 Lakh units in FY24 as against 1.52 Lakh units in FY23.

It is pertinent to note that the company…



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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