Ola Electric Mobility Limited (OLAELEC)
Press Release
Government revises ACC PLI timelines for Ola Electric's battery unit
- Secures full five-year incentive window through CY2031
- Unlocks up to ₹7,240 crore in cumulative PLI incentives
- First milestone of 6 GWh capacity reached ahead of December 2026 deadline
- Disbursements to start quarterly from next quarter
- Capacity to scale towards 20 GWh
- Supports India's energy security and domestic battery ecosystem
Source: Original filing PDF
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PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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