Ola Electric Mobility Limited has announced that it has received a sanction order from the Ministry of Heavy Industries, Government of India. The order is for the release of incentives amounting to ₹366.78 Crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25. The sanction specifically pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25. The incentive, amounting to ₹366.78 crore, will be disbursed through IFCI Limited, the designated financial institution for the scheme. This development highlights Ola Electric's significant role in India's advanced automotive manufacturing sector, emphasizing its achievements in scale, localization, and technology-driven vertically integrated manufacturing. An Ola Electric spokesperson stated that the sanction is a strong endorsement of the company's manufacturing capabilities and its commitment to developing world-class EV technology in India. The incentive recognizes Ola Electric's sustained efforts in scaling domestic production, enhancing localization, and fostering innovation within the electric mobility value chain. The company remains dedicated to supporting the Indian government's vision of establishing India as a global hub for advanced automotive manufacturing and clean mobility.