Ola Electric Files PLI Claim Of Rs 400 Crore; Details Here | Markets News

Ola Electric Share Price.

Ola Electric has filed a claim of around Rs 400 crore under the government’s production-linked incentive (PLI) scheme, according to a PTI report citing sources. It added that the claim has been made on the back of eligible sales worth nearly Rs 3,000 crore in FY25, translating into an incentive payout of about 13-14 per cent.

Following the report, shares of Ola Electric on Monday surged 3.53% to Rs 60.98 apiece on the NSE, as of 3:20 pm.

According to the report, the incentive is expected to provide a meaningful boost to Ola’s liquidity and improve its financial performance in the coming quarters. Notably, Ola was the only two-wheeler original equipment maker to secure the PLI benefit last year, a milestone that highlighted both its compliance standards and its growing scale in India’s electric mobility space.

Carrying this momentum forward, Ola has once again emerged as the top performer in the two-wheeler category, leading in PLI-eligible sales for a second consecutive year. The company recently announced that its entire Gen-3 scooter line-up in the S1 series has cleared the government’s PLI eligibility certification process. Since the Gen-3 portfolio forms the bulk of Ola’s sales, the certification is expected to bolster its profitability from the second quarter of FY26.

What is The PLI Scheme?

The production-linked incentive (PLI) scheme was first announced in 2020 as part of the government’s push to boost domestic manufacturing, reduce import dependence, and encourage exports. Covering more than a dozen sectors — including automobiles, batteries, electronics, and pharmaceuticals — the scheme offers financial incentives linked to incremental sales of goods manufactured in India.

For companies to qualify, they must meet strict localisation requirements, value-addition thresholds, and regulatory compliance norms laid down by the government. In the automobile and EV segment, the incentive typically ranges between 8-18 per cent of eligible sales, depending on the product and the level of localisation achieved. This structure is designed to reward companies that scale up Indian manufacturing and invest in deeper supply chains.