Economy · India
Ola Electric Gets Revised Timeline for PLI Scheme, Targets ₹7,240 Crore Incentives
Ola Electric has received a revised timeline for the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme. The company is now eligible to receive incentives totaling ₹7,240 crore. The revised timeline grants Ola Electric a five-year window under the scheme. This development is crucial for Ola Electric's manufacturing plans and its pursuit of government incentives.
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- Centre (2): Business Standard, The Financial Express