Ola Electric shares rise after ₹366.78 crore PLI incentive
after close1 source ↓written by the desknot a recommendation
- Electric Mobility rose
- 5.4%
- on the BSE
- ₹37.28
- under the Production
- ₹366.78 crore
- Heavy Industries
- 24 Dec 2023
Shares of Ola Electric Mobility rose 5.4% to ₹37.28 on the BSE following the sanction of ₹366.78 crore under the Production Linked Incentive (PLI) Scheme for FY 2024-25. This incentive aims to boost domestic manufacturing and enhance competitiveness in the auto sector. The order was issued by the Ministry of Heavy Industries on 24 Dec 2023.
Not investment advice. For informational purposes only.