Ola Electric has received a sanction order for Rs 366.78 crore in incentives under the Indian government's Production Linked Incentive (PLI)-Auto scheme for FY25. The funds, disbursed through IFCI, recognize the company's domestic manufacturing, localization, and innovation efforts in electric vehicle technology. This incentive is part of a government initiative to boost India's automotive manufacturing competitiveness. Ola Electric stated the sanction validates its capabilities and commitment to building world-class EV technology in India.