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India

Ola Electric, India sanctioned INR 3.7 billion PLI-Auto incentive for FY 2025

On December 25, 2025, Ola Electric announced that it had received a sanction order from the Ministry of Heavy Industries for approximately INR 3.7 billion under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for FY 2024-25. The sanction relates to demand incentives on the ....

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