Ola Electric Secures ₹366.78 Cr PLI Incentive for FY25 Amid Market Challenges

• Ola Electric received a ₹366.78 crore Production Linked Incentive (PLI) from the Ministry of Heavy Industries for FY25.
• The incentive, sanctioned for its subsidiary Ola Electric Technologies Private Limited, is linked to eligible sales value and disbursed via IFCI Limited.
• Despite delivering 359,221 electric two-wheelers in FY25, Ola Electric's market position weakened, falling to fifth in November.
• The company faced financial pressures in Q2 FY26 with a 46% revenue decline, though losses were reduced by cost controls.
• Promoter Bhavish Aggarwal's recent stake sale was personal, to repay a loan, and not related to company operations.

Why It Matters: Ola Electric gets ₹366.78 Cr PLI for FY25, but faces market share and financial hurdles.