Ola Electric Shares Jump 5% After Securing ₹367 Cr PLI-Auto Incentive for FY25

• Ola Electric Mobility shares surged over 5% on December 26.
• Company secured ₹366.78 crore PLI-Auto incentive from the government for FY25.
• Sanction order received from Ministry of Heavy Industries via IFCI Limited.
• Reinforces Ola Electric's role in India's advanced automotive manufacturing ecosystem.
• Spokesperson emphasized commitment to domestic production, localisation, and innovation.

Why It Matters: Ola Electric's shares rose significantly after securing a substantial PLI-Auto incentive, boosting its manufacturing efforts.