[TusharK]

Ola Electric is said to have received a Production Linked Incentive (PLI) certification from the Automotive Research Association of India (ARAI), becoming the first Indian electric 2-wheeler brand to do so.



According to a media report, Ola Electric has met the requirements outlined in the PLI scheme. This includes a minimum of 50% domestic value addition to its vehicles. The report also states that the company received its certification in a record timeframe of less than 4 months.

The government of India approved the PLI scheme in 2021, with the intention of boosting domestic manufacturing of advanced automotive technology products like EVs. Under this scheme, OEMs are offered incentives of up to 18% of eligible sales for EVs and their components, with an aim to make EVs more affordable and promote the adoption of EVs in the Indian market.

Source: ET Auto

Link to Team-BHP News