Ola Electric Share Price Surges Over 3% on Securing ₹366.78 Crore PLI-Auto Incentive for FY25

Ola Electric Mobility Ltd has received a sanction order from the Ministry of Heavy Industries for incentives amounting to ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto).  

The approval relates to claims submitted by the company for the financial year 2024-25, as per exchange filing. 

Incentive Linked to FY25 sales 

The sanctioned amount relates to demand incentives calculated on the basis of determined sales value for FY25.  

According to the order, the payment has been authorised for release through IFCI Limited, which is the designated financial institution responsible for disbursing funds under the PLI-Auto scheme. 

Conditions of Approval 

The company said the sanction has been issued in line with the applicable terms and conditions of the PLI-Auto scheme, including changes notified by the government from time to time.  

The approval follows the assessment of documents and information submitted as part of the incentive claim process. 

Read More: Tata Steel Confronts €1.4 Billion Legal Challenge on Environmental Grounds! 

Ola Electric Mobility Share Price Performance  

As of December 26, 2025, at 10:57 am, Ola Electric Mobility share price was trading at ₹36.47, a 3.17% increase from the previous closing price. 

Conclusion 

The ₹366.78 crore sanction under the PLI-Auto scheme clears Ola Electric’s demand incentive claims for FY25. The approval allows the company to receive the sanctioned amount through the government’s designated disbursement channel. 

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