TAG: "PLI incentive"

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PLI Auto Scheme Drives INR 35,657?Crore Investment, Expands EV Manufacturing

PLI Auto Scheme records INR 35,657 Crore investment, disburses INR 2,321.94 Cr incentives, supports 13.6 lakh electric vehicles, generates 48,974 jobs, and strengthens India’s Atmanirbhar Bharat manufacturing initiative.

PLI Incentive | January 03, 2026 | By EI News Network | 1192

Ola Electric Secures PLI Certification for its Gen 3 Scooter Portfolio

Ola Electric has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a milestone that makes its entire Gen 2 and Gen 3 lineup eligible for incentives ranging from 13-18 percent of the determined sales value (DSV) until 2028.

PLI Incentive | August 27, 2025 | By Mrinmoy Dey | 1666

Folks Motor to Invest INR 500 Cr for EV Expansion and Boost Local Manufacturing

As part of this initiative, the company is deploying INR 500 crore for integrated CAPEX through Folks Funds, an AIF Category II fund.

PLI Incentive | March 20, 2025 | By Aishwarya | 1685

Ola Electric Secures INR 73.74 Crore PLI Incentive

Ola Electric has received a INR 73.74 crore incentive under the PLI-Auto Scheme, making it the first electric two-wheeler (E2W) manufacturer to benefit. The funds will support R&D, manufacturing, and expansion, reinforcing India's push for localised EV production and sustainable mobility.

PLI Incentive | March 06, 2025 | By EI News Network | 1704