Ola Electric shares in focus after Rs 366.78 crore PLI incentive sanctioned for FY25

Ola Electric Mobility shares surged after the company secured a Rs 366.78 crore incentive under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for FY 2024-25. This significant sanction from the Ministry of Heavy Industries underscores Ola Electric’s manufacturing prowess and commitment to advancing EV technology in India.

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