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India's electric vehicle ecosystem just got a massive cash injection. The Ministry of Heavy Industries revised timelines for Ola Electric's battery subsidiary under the ACC PLI scheme, unlocking a five-year incentive window through CY2031 with potential payouts of up to ₹7,240 Cr. Ola currently has 2.5 GWh of installed cell capacity with another 3.5 GWh under installation, and expects to hit 6 GWh by the September quarter. Founder Bhavish Aggarwal called it "more than an...
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