TAG: "localising EV components"

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Ola Electric Bags INR 366.78 Crore PLI-Auto Incentive for FY25

Ola Electric has secured a sanction of INR 366.78 crore from the Ministry of Heavy Industries under the PLI-Auto Scheme for FY 2024–25, recognising its scale, localisation, and technology-driven EV manufacturing capabilities.

Localising EV Components | December 26, 2025 | By Mrinmoy Dey 1534

Simple Energy Becomes India’s First OEM to Roll Out Heavy Rare Earth-Free EV Motors

Simple Energy has announced that it has become the first Indian OEM to commercially manufacture heavy rare earth-free motors at its Hosur facility, marking a breakthrough in self-reliant and sustainable electric mobility.

Localising EV Components | September 16, 2025 | By Mrinmoy Dey 1717

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