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Policy

PLI Extension Gives Ola Electric Five Years, Clears Compliance Issues
POLICY

PLI Extension Gives Ola Electric Five Years, Clears Compliance Issues

Ola Electric's subsidiary, Ola Cell Technologies (OCT), receives a five-year extension for its ACC PLI scheme, unlocking ₹7,240 crore in incentives. This decision from the MHI resolves recent auditor concerns over penalty provisions and offers crucial compliance flexibility for India's EV battery manufacturing sector.

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