Ola Electric Mobility Limited became India’s first two-wheeler electric vehicle (EV) maker to grab Rs 73.74 crore under the Production Linked Incentive (PLI) Scheme for FY 2023-24 sales, as per a March 5, 2025, filing. This key development strengthens Ola’s lead in the EV market, with a 28% share. The cash boost signals strong growth ahead, likely lifting its stock as EV adoption accelerates in India.
Ola Electric: Bags Rs 73 Crore PLI Boost
