Ola Electrical Mobility stated the Ministry of Heavy Industries has sanctioned incentives price Rs 366.78 crore beneath the Indian authorities’s Manufacturing Linked Incentive Scheme for Car and Auto Elements (PLI-Auto Scheme), for claims pertaining to FY25.

In a regulatory submitting dated December 25, the EV maker stated the sanction order was issued in favour of its wholly owned subsidiary, Ola Electrical Applied sciences Personal Restricted.

The approval pertains to demand incentives linked to the decided gross sales worth recorded through the monetary yr ended March 2025. The sanctioned quantity will probably be disbursed by way of IFCI Restricted, the designated monetary establishment for payouts beneath the PLI-Auto scheme, and launched in accordance with the relevant phrases and circumstances of the scheme, as amended now and again.

The corporate stated the inducement displays its execution throughout scale, localisation, and technology-led vertically built-in manufacturing.

Commenting on the event, an Ola Electrical spokesperson stated, “The sanction of Rs 366.78 crore beneath the PLI-Auto Scheme is a robust endorsement of Ola Electrical’s manufacturing capabilities and our dedication to constructing world-class EV expertise in India. This incentive recognises our sustained efforts in scaling home manufacturing, deepening localisation, and driving innovation throughout the electrical mobility worth chain. We stay dedicated to supporting the Authorities of India’s imaginative and prescient of creating India a world hub for superior automotive manufacturing and clear mobility.”

The PLI-Auto Scheme is a flagship initiative geared toward strengthening home manufacturing, encouraging the adoption of superior automotive applied sciences, and enhancing India’s international competitiveness within the vehicle and auto elements sector.

Operationally, Ola Electrical reported deliveries of three,59,221 electrical two-wheelers in FY25, up from 3,29,549 models within the earlier fiscal.