Policy · Mobility & Logistics

Ola Electric gets ₹95.81 Cr PLI incentive for FY27

By Startup Enthusiast · 29 August 2026

What they do

Ola Electric makes electric scooters and bikes in India

It received ₹95.81 Cr PLI-Auto incentive from the Ministry of Heavy Industries for FY27

This is the third consecutive year it got the incentive, with ₹73.74 Cr for FY24 and ₹366.78 Cr for FY25

Ola Electric received ₹95.81 Cr PLI-Auto incentive from the Ministry of Heavy Industries for FY27.
The PLI scheme offers up to 18% financial incentive on sales for advanced automotive technology products.
This is the third consecutive year Ola Electric got PLI incentive: ₹73.74 Cr for FY24, ₹366.78 Cr for FY25, and ₹95.81 Cr for FY27.
Ola Electric is targeting up to ₹7,240 Cr in battery cell PLI incentives.
MHI revised ACC PLI scheme timelines, giving Ola Cell Technologies (OCT) a five-year incentive window.
OCT can potentially claim cumulative incentives up to ₹7,240 Cr under the new ACC PLI window.
Ola Electric launched new S1Z e-scooter range powered by locally developed 46-series LFP Bharat Cell technology.
The company started selling energy storage products and is moving to a dealer-led sales and service model.

Ola Electric's registrations in July were 13,085 units, down 20% from 16,249 in June.
Its market share slipped to about 7%.
The company's net loss fell 22% compared to the same quarter last year, to ₹336 Cr from ₹428 Cr.
Operating revenue dropped 45% to ₹828 Cr from the same quarter a year earlier.
Scooter deliveries reached 39,192 units, nearly twice the 20,256 units shipped in the previous quarter.

Ola Electric makes electric scooters and EV bikes in India.
Products include Ola S1 Pro Sport (₹1,49,999), S1 Pro+ (₹1,58,371), S1 X+ (₹1,20,999), S1 Z (₹79,999), S1 Air (₹1,07,499), S1 Z from ₹59,999, Ola Gig from ₹39,999, Roadster X (₹1,04,999), Roadster X+ (₹1,08,560), Roadster (₹1,04,999), Roadster Pro from ₹1,99,999.
Energy storage products: Ola Shakti (₹99,999), Shakti Rack (₹1,74,999), Mahashakti (₹99,999), Ola Shakti from ₹39,999.
S1 X+ 5.2 kWh uses 4680 Bharat Cell and has a 320 km range.
It has a community of over 1 million EV owners and offers same-day service guarantee.
It has 590 service centres and plans to make 1 lakh third-party mechanics EV-ready.
It offers AI-powered proactive maintenance alerts and remote diagnostics.

Ola Electric is targeting up to ₹7,240 Cr in battery cell PLI incentives.
It launched three BESS products: residential Ola Shakti (2nd gen), industry Shakti Rack, and utility-scale Mahashakti.
It launched Shakti Solar Charge Controller in 3 kW and 6 kW variants, available from March 2027.
The company is moving to a dealer-led sales and service model.