Ola Electric Secures Revised ACC PLI Timeline, Eyes ₹7,240 Crore Incentives Ola Electric has secured a revised timeline for its wholly owned subsidiary, Ola Cell Technologies, under the Advanced Chemistry Cell Production Linked Incentive (ACC PLI) Scheme, potentially unlocking up to ₹7,240 crore in incentives through 2031. The Ministry of Heavy Industries has approved the revised schedule, allowing Ola Electric to access incentives quarterly from the next quarter for its 20 GWh allocation. Chairman and Managing Director Bhavish Aggarwal said the revised timeline creates a five-year incentive opportunity and improves the economics of the company’s cell manufacturing business. Ola Electric currently has 2.5 GWh of installed cell manufacturing capacity, with another 3.5 GWh under installation, and expects to reach 6 GWh by the end of the current quarter, ahead of the revised December 2026 milestone. The company is developing both nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) cells while focusing on greater localisation of battery materials, indigenous research and development, improved manufacturing efficiency and material recovery. Ola Electric said the government’s decision effectively extends the original timelines by two years. The company is also preparing to unveil its broader energy product roadmap, including Shakti and Mahashakti, at its annual Sankalp event on Independence Day.
Ola Electric Gets Five-Year PLI Window for Cell Manufacturing
