Ola Electric has filed a claim of round ₹400 crore incentive underneath the federal government’s production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory necessities, in line with sources.
As per business sources, Ola has filed the claim with eligible gross sales of about ₹3,000 crore for FY25, translating into an anticipated incentive of practically ₹400 crore.
The incentive, calculated at a charge of 13 to 14%, is predicted to considerably strengthen the corporate’s liquidity place and ship a optimistic impression on its monetary efficiency within the coming quarters, the sources near the event mentioned.
Notably, Ola was the one two-wheeler Original Equipment Manufacturer (OEM) to obtain the PLI incentive final yr, marking a major milestone for the corporate and the business.
Continuing this momentum, Ola has emerged as the highest achiever in PLI-eligible gross sales within the two-wheeler class for 2 consecutive years, underscoring its management in India’s EV transformation.
Ola Electric not too long ago additionally introduced that it has obtained certification of compliance with PLI eligibility evaluation necessities for its Gen 3 scooter portfolio.
The certification covers all its Gen 3 scooters within the S1 line-up.
The Gen 3 portfolio represents the bulk of the corporate’s present gross sales, and consequently, this certification is about to considerably improve Ola Electric’s profitability from Q2 FY26 onwards.