Ola Electric Receives ₹95.81 Cr PLI Incentive for FY27
Electric two-wheeler maker Ola Electric has secured a ₹95.81 Cr incentive under the government’s Production Linked Incentive (PLI) Scheme from the Ministry of Heavy Industries.
The sanction pertains to the fiscal year FY27, making it the third consecutive year that Ola Electric has received the incentive. Ola Electric had earlier received a sanction of ₹73.74 Cr for FY24 in March 2025, followed by ₹366.78 Cr for FY25, announced in December 2025.
Production Linked Incentive scheme
Under the PLI scheme, the MHI provides financial incentives of up to 18% on sales to boost domestic manufacturing of advanced automotive technology products.
“The sanction of ₹95.81 Cr under the PLI-Auto Scheme, for the third consecutive year, is a strong endorsement of Ola Electric’s manufacturing capabilities and our commitment to building world-class EV technology in India,” an Ola Electric spokesperson said.
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Battery cell PLI incentives
Besides the PLI for AAT products, Ola Electric is also eyeing cumulative incentives of up to ₹7,240 Cr under the advanced chemistry cell (ACC) PLI scheme.
The Ministry of Heavy Industries revised the timelines under the scheme, giving Ola Electric’s battery subsidiary, Ola Cell Technologies Pvt Ltd, a five-year incentive window to potentially claim the amount.
Ola Electric launched its S1Z e-scooter range powered by the company’s locally developed 46-series lithium iron phosphate (LFP) Bharat Cell technology. It is also entering the energy storage segment with three battery energy storage systems for residential, industry-focused, and utility-scale use.
The incentives come amid declining sales. Registrations fell 20% month-on-month in July to 13,085 units, and market share slipped to about 7%.
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