Hope to make India a global hub for EVs, cell tech: Ola co-founder

Ola co-founder Bhavish Aggarwal on Thursday expressed the hope to make India a global hub for electric vehicles and cell technology, with the company being selected for the government’s production-linked incentive scheme for the manufacturing of advanced chemistry cell batteries storage. The heavy industries ministry has named Ola Electric and three other companies eligible for receiving benefits under the PLI (Production-Linked Incentive) scheme.

The allotment was made for a total of 50 GWh of battery capacity to the four successful bidders.

These firms, the ministry said, will receive incentives under the country’s Rs 18,100-crore program to boost domestic production of advanced chemistry cell (ACC) batteries.