The Economic Times

Ola Electric gets revised ACC PLI timeline, eyes Rs 7,240 crore incentive payout through 2031

Ola Electric's subsidiary received revised timelines for the ACC PLI scheme. This approval secures a full five-year incentive window through calendar year 2031. The company expects to unlock cumulative incentives of up to Rs 7,240 crore. Ola Electric is expanding its cell manufacturing capacity to meet these new targets.