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flag Ola Electric gets ₹367 crore incentive for boosting India’s EV manufacturing and local sourcing.

flag Ola Electric has received a ₹366.78 crore incentive under India’s PLI-Auto Scheme for fiscal year 2024–25, sanctioned by the Ministry of Heavy Industries and to be disbursed via IFCI Limited. flag The payment is tied to the company’s sales performance and recognizes its progress in scaling domestic manufacturing, increasing local sourcing, and advancing electric vehicle technology through a vertically integrated production model.

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