Ola Electric Soars 10% in 5 Days, Secures ₹366 Cr Govt Incentive for FY25 PLI

• Ola Electric received ₹366.78 crore incentive from the Ministry of Heavy Industries under the PLI Scheme for FY25.
• The incentive is a demand incentive linked to sales value for FY 2024-25, disbursed via IFCI Limited.
• This approval highlights Ola Electric's strong execution in scale, localization, and vertically integrated manufacturing.
• The PLI-Auto Scheme promotes domestic manufacturing, advanced automotive technology, and local value addition.
• Ola Electric's stock rose 10.62% in 5 days, despite a 62.27% drop over the last year.

Why It Matters: Ola Electric gets ₹366.78 Cr PLI incentive, boosting its EV manufacturing and stock performance.