Ola Electric's S1 Pro (Gen-2) electric scooter receives PLI scheme certification for five years of subsidies under the Indian government's extension.
Ola Electric, an Indian electric scooter company led by Bhavish Aggarwal, has received certification for its S1 Pro (Gen-2) electric scooter under the Indian government's Production-Linked Incentive (PLI) scheme for the automobile and auto component industry. This certification makes Ola's S1 Pro and S1 Air eligible for subsidies under the PLI scheme for a period of five years. The Indian government extended the tenure of the PLI scheme by one year last month, and the incentive will now be applicable for a total of five consecutive financial years starting from the financial year 2023-24.
February 10, 2024
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