First PLI- Automotive Certificate for OLA Electric Technologies

  • The International Centre for Automotive Technology (ICAT), Manesar, has awarded the first PLI-Automotive Certificate to M/s. Ola Electric Technologies Pvt. Ltd. under the Production Linked Incentive (PLI) Scheme of MHI for Automobiles and Auto Components. 
  • The certificate was handed over by Dr. Hanif Qureshi, Additional Secretary – MHI, to Dr. S.J. Dhinagar, Head of Engineering & Sr. VP- Ola Electric. 
  • Ola Electric’s Battery Electric Vehicle – 2W [Ola S1 Pro (Gen2)] met the criteria of DVA of 50% (min.) for the Automotive PLI certificate, demonstrating their commitment to the indigenization of advanced automotive technology products. 
  • The certificate demonstrates the progress made in the Indian automotive industry towards localized production of advanced automotive technology products and incentivizing investments in the automotive sector. 
  • ICAT is currently evaluating and assessing PLI-Auto applications of other applicants, who will soon receive PLI-Auto Certificates from ICAT, Manesar.
Posted in Current Affairs.