# Ola Electric gets two-year PLI extension, Rs 7,240 crore

2026-08-12T17:09:29+00:00 | Governance | Indian Opinion Desk

Corroboration: 3 independent outlets

The Ministry of Heavy Industries has revised Ola Electric's ACC PLI scheme timelines, effectively granting a two-year extension. The revision unlocks up to Rs 7,240 crore in incentives over a five-year window through 2031, with quarterly disbursements starting next quarter. Ola Electric currently has 2.5 GWh of installed cell capacity, with 3.5 GWh under installation, and expects to reach 6 GWh by the end of this quarter. The company reversed a Rs 57-crore provision it had made for a potential penalty after securing the timeline waiver. Bhavish Aggarwal said the change transforms the economics of its cell business.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/companies/ola-electric-gets-two-year-cell-pli-extension-7240-crore-incentive-window-through-2031/article71335107.ece>
- auto.economictimes.indiatimes.com <https://auto.economictimes.indiatimes.com/news/two-wheelers/ola-electric-eyes-up-to-7240-crore-in-incentives-as-govt-revises-pli-window/133173353>
- thehindu.com <https://www.thehindu.com/business/govt-revises-acc-pli-timelines-for-ola-electric-unlocks-up-to-7240-crore/article71338180.ece>

This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources. Last updated 2026-09-27T06:10:56+00:00.

Tags: cell manufacturing, electric vehicles, government incentives, Ministry of Heavy Industries, Ola Electric, PLI scheme
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