TAG: "PLI incentive"
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Folks Motor to Invest INR 500 Cr for EV Expansion and Boost Local Manufacturing

As part of this initiative, the company is deploying INR 500 crore for integrated CAPEX through Folks Funds, an AIF Category II fund.
PLI Incentive | March 20, 2025 | By Aishwarya | 596
Ola Electric Secures INR 73.74 Crore PLI Incentive

Ola Electric has received a INR 73.74 crore incentive under the PLI-Auto Scheme, making it the first electric two-wheeler (E2W) manufacturer to benefit. The funds will support R&D, manufacturing, and expansion, reinforcing India's push for localised EV production and sustainable mobility.
PLI Incentive | March 06, 2025 | By EI News Network | 310
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