Ola Electric has secured a revised timeline under the government’s Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme, giving its wholly owned subsidiary, Ola Cell Technologies Private Limited (OCT), a full five-year incentive window through calendar year 2031. The revised timeline covers Ola Electric’s 20 GWh battery cell manufacturing allocation under the ACC PLI scheme.
Under the revised framework approved by the Ministry of Heavy Industries (MHI), Ola Electric is eligible for potential cumulative PLI incentives of up to ₹7,240 crore through 2031. The incentives are expected to be disbursed quarterly, beginning from the next quarter, subject to the company meeting the applicable scheme requirements and manufacturing milestones.
The extended PLI window is expected to provide Ola Electric with additional time to scale its domestic battery cell manufacturing operations. The company is working towards increasing production capacity under its 20 GWh allocation, supporting its broader strategy of building a more localised electric vehicle battery supply chain in India.
Ola Electric currently has 2.5 GWh of installed cell manufacturing capacity, while an additional 3.5 GWh is under installation. The company expects to reach 6 GWh of installed capacity by the end of the current quarter, ahead of the revised December 2026 milestone.
The company is also developing a multi-chemistry battery cell platform covering Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) technologies. Its cell manufacturing programme focuses on indigenous research and development, greater localisation of battery materials, improved manufacturing yields and closed-loop material recovery as it works to strengthen its battery technology capabilities.
The revised ACC PLI timeline marks an important development for Ola Electric’s battery manufacturing plans. With a five-year incentive window through 2031 and potential incentives of up to ₹7,240 crore, the company has a longer period to expand cell production and work towards its 20 GWh allocation. The development also aligns with India’s broader push to build domestic advanced battery manufacturing capacity and reduce reliance on imported cells.
