Ola Electric Secures Rs 366.78 Crore PLI Incentive

Ola Electric, a company that makes electric two-wheelers, got a big reward from the Indian government.

This reward is Rs 366.78 crore, which is given under a special program called the PLI-Auto Scheme.

The program helps companies that make things in India to grow and become better.

Ola Electric said this reward shows that they are doing a good job in making electric vehicles and parts in India.

The money will be given to them by a special bank called IFCI Limited.

Ola Electric has a big factory in Tamil Nadu where they make their electric vehicles and parts.

They also do research in India, the UK, and the US to make their products better.

The stock of Ola Electric went up a little bit before this news came out.