Ola Electric shares in focus after filing Rs 400 crore PLI claim
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Shares of Ola Electric are likely to be in focus on Tuesday, September 16, after the company filed a Rs 400 crore incentive claim under the Indian government’s Production-Linked Incentive (PLI) scheme. The claim is supported by eligible sales of approximately Rs 3,000 crore for FY25, as per previous ET reports, and is calculated at an incentive rate of 13–14%. The incentive claim aligns with Ola Electric’s continued compliance with localisation and regulatory guidelines under the PLI framework. The funds are expected to enhance the company’s liquidity and positively contribute to its financial performance in the coming quarters, according to sources familiar with the development. Ola Electric was the only two-wheeler Original Equipment Manufacturer (OEM) to receive the PLI incentive last year, and this filing marks its second consecutive year of qualifying under the scheme. The company has also emerged as the top achiever in PLI-eligible ...