India, Aug. 29 -- Electric two-wheeler maker Ola Electric has secured a Rs.95.81 Cr incentive under the government's Production Linked Incentive (PLI) Scheme from the Ministry of Heavy Industries.

Under the PLI scheme, the MHI provides financial incentives of up to 18% on sales to boost domestic manufacturing of advanced automotive technology (AAT) products. The incentive secured from Ola Electric pertains to the fiscal year FY27, making it the third consecutive year that Ola Electric has received the incentive.

The Bhavish Aggarwal-led company had earlier received a sanction of Rs.73.74 Cr for FY24 in March 2025, followed by Rs.366.78 Cr for FY25, announced in December 2025.

"The sanction of Rs.95.81 Cr under the PLI-Auto Scheme, for ...