This EV maker just secured 18% government incentives - here's why TPG invested $150M
Key Points
- Ola Electric secured Production Linked Incentive certificati...
Ola Electric just pulled off the corporate equivalent of finding a golden ticket in a chocolate bar. India's largest pure-play EV manufacturer secured Production Linked Incentive (PLI) certification that lets them pocket 13% to 18% on sales value through 2028. That's not pocket change - it's more like finding an entire pocket factory.
The Automotive Research Association of India handed Ola this certification faster than you can say "battery-powered scooter," covering their Gen 2 and Gen 3 portfolios. Starting Q2 FY26, this should boost profitability significantly, especially since they're rol...
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