Rs 3,500 Crore Investment In PLI Scheme Planned By Ola Electric
Electric vehicle (EV) maker Ola Electric has planned a total investment of Rs 3,500 crore in 5 years, under the production-linked incentive (PLI) scheme for the automobile industry. The planned investment is higher than the minimum investment required for such firms (Rs 2,000 crore). Ola would invest Rs 2,400 crore in the first phase of its electric two-wheeler plant with an initial capacity of 2 million and work started in February-March 2021.Â