Ola Electric receives ICAT's first PLI Automotive Certificate
ECONOMY & POLICY

Ola Electric receives ICAT's first PLI Automotive Certificate

Ola Electric Technologies Pvt. Ltd. has been honoured with the inaugural PLI Automotive Certificate by the International Centre for Automotive Technology (ICAT), Manesar. This recognition comes under the Production Linked Incentive (PLI) Scheme of MHI for Automobiles and Auto Components.

Hanif Qureshi, Additional Secretary MHI, presented the certificate to S.J. Dhinagar, Head of Engineering & Sr. VP at Ola Electric, in the presence of Shri Saurabh Dalela, Director of ICAT, and senior officials from MHI, ICAT, and Ola Electric.

Ola Electric's Battery Electric Vehicle - 2W, specifically the Ola S1 Pro (Gen2), has successfully met the criteria of DVA of 50% (minimum) for the Automotive PLI certificate. This achievement underscores their dedication to advancing the indigenisation of sophisticated automotive technology products.

Receiving this certificate from ICAT underscores Ola Electric's commitment to the 'Make in Bharat' Abhiyan and reinforces its efforts to bolster the domestic production ecosystem, as highlighted in a media release.

Ola Electric Technologies Pvt. Ltd. has been honoured with the inaugural PLI Automotive Certificate by the International Centre for Automotive Technology (ICAT), Manesar. This recognition comes under the Production Linked Incentive (PLI) Scheme of MHI for Automobiles and Auto Components. Hanif Qureshi, Additional Secretary MHI, presented the certificate to S.J. Dhinagar, Head of Engineering & Sr. VP at Ola Electric, in the presence of Shri Saurabh Dalela, Director of ICAT, and senior officials from MHI, ICAT, and Ola Electric. Ola Electric's Battery Electric Vehicle - 2W, specifically the Ola S1 Pro (Gen2), has successfully met the criteria of DVA of 50% (minimum) for the Automotive PLI certificate. This achievement underscores their dedication to advancing the indigenisation of sophisticated automotive technology products. Receiving this certificate from ICAT underscores Ola Electric's commitment to the 'Make in Bharat' Abhiyan and reinforces its efforts to bolster the domestic production ecosystem, as highlighted in a media release.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

EMO Energy and e-Sprinto to Deploy 8,000 Electric Scooters

EMO Energy has announced a partnership with electric two-wheeler maker e-Sprinto to deploy 8,000 electric scooters across India this financial year. The rollout will include both low-speed and high-speed models and will be phased across several cities. The scooters will be aimed at quick-commerce and last-mile delivery operations where uptime and energy efficiency are prioritised. EMO Energy said the scooters will use its patented ZenPac liquid-cooled battery platform with active thermal management, battery intelligence and energy optimisation to improve reliability and performance. ZenPac con..

Next Story
Infrastructure Energy

Octillion Opens Third EV Battery Plant in India

Octillion Power Systems has opened its third manufacturing facility in Halol, Gujarat, adding production capacity as demand for electric vehicle battery systems grows across passenger, commercial and public transport segments. The facility covers more than 13,000 square metres and was converted from an empty structure into an operational battery manufacturing plant in less than eight months. At full capacity the Gujarat plant will manufacture more than 48,000 battery systems annually, representing over three GWh of energy storage capacity. With the addition of the Halol facility Octillion's co..

Next Story
Real Estate

Land Reforms Could Unlock Urban Affordable Housing

Former cabinet secretary and NITI Aayog member Rajeev Gauba said India’s urban housing shortage could be tackled by unlocking 10 million (mn) vacant homes and using excess unutilised land held by public sector undertakings (PSUs). He said land availability lay at the heart of the problem and estimated that land accounted for as much as 50 to 70 per cent of total project cost. He urged states to waive land?use change fees and exempt stamp duty on land and transactions linked to affordable housing. He noted that urban population was projected to rise from 500 million to nearly 900 million by 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement