Ola Electric Eyes Up To ₹7,240 Cr Battery Cell PLI Incentives

•Ola Electric's battery subsidiary gets a five-year incentive window through CY2031 under the PLI scheme, potentially worth up to ₹7,240 Cr.

•The company currently has 2.5 GWh of installed capacity and 3.5 GWh under installation, with a first milestone of 6 GWh expected by September quarter.

•Ola Electric reverses a ₹57 Cr provision for liquidated damages after seeking and receiving approval for an extension and waiver from the Ministry of Heavy Industries.

•The company's revised timelines transform the economics of its cell business, converting an earlier milestone overhang into a five-year PLI opportunity.