Ola Electric Bags INR 367 Cr PLI Incentive On FY25 Sales

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SUMMARY

The incentives are expected to strengthen Ola’s liquidity position and support its financial performance in the coming quarters

This comes three months after the company filed a claim of around INR 400 Cr under the PLI scheme for FY25, citing eligible sales of about INR 3,000 Cr during the fiscal

Launched in 2021, the INR 26,000 Cr PLI scheme for the automobile and auto components aims to boost manufacturing, drive deeper localisation and build robust supply chains

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Ola Electric Bags INR 367 Cr PLI Incentive On FY25 Sales


SUMMARY

The incentives are expected to strengthen Ola’s liquidity position and support its financial performance in the coming quarters

This comes three months after the company filed a claim of around INR 400 Cr under the PLI scheme for FY25, citing eligible sales of about INR 3,000 Cr during the fiscal

Launched in 2021, the INR 26,000 Cr PLI scheme for the automobile and auto components aims to boost manufacturing, drive deeper localisation and build robust supply chains

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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