IPO-Bound Ola Electric Becomes First Indian EV Company To Get PLI Nod
IPO-bound Ola Electric has become the first Indian e2W (electric two-wheeler) company to become eligible for the government’s production-linked incentive (PLI) scheme. The Ministry of Heavy Industries (MHI) has given its approval after a four-month-long process. While there has been…
PLI Scheme To Help India Develop As Manufacturing Hub For EV Cells
India approved a production linked incentive (PLI) scheme with an outlay of ₹18,000 crore to promote manufacturing, export and storage of lithium-ion cells, essential for developing electric vehicles. Through this scheme the Union government aims to install manufacturing capacity of…
