Ola Electric Mobility has secured a revised timeline under the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) Scheme, giving its wholly owned subsidiary Ola Cell Technologies (OCT) a full five-year incentive window through calendar year 2031 and making up to ₹7,240 crore in cumulative PLI incentives available for its 20 GWh allocation. The revised timeline was approved by the Ministry of Heavy Industries (MHI), the company said in a BSE filing on August 12, 2026.
Under the revised framework, PLI disbursements will be made quarterly, beginning from the next quarter, as OCT scales its domestic cell manufacturing operations. The development effectively gives Ola Electric an additional two years against its original timeline, allowing the company more time to meet the manufacturing milestones linked to its ACC allocation.
Ola Electric currently has 2.5 GWh of installed cell manufacturing capacity, with another 3.5 GWh under installation. The company expects to reach 6 GWh of capacity by the end of the current quarter, ahead of the revised December 2026 milestone. The company had originally been required to scale its ACC manufacturing capacity under a schedule tied to its 20 GWh allocation.
The PLI approval is significant for Ola Electric’s cell manufacturing plans because the company is moving beyond battery assembly towards domestic production of battery cells. Its earlier disclosures show that the company is developing a multi-chemistry cell platform covering NMC and LFP technologies, with plans to serve both electric mobility and energy-storage applications. Ola Electric has also said that its Gigafactory is being developed as a platform for mobility and energy-storage products.
Ola Electric’s original ACC PLI award was granted in November 2022 for a 20 GWh allocation. Its earlier regulatory disclosures specified investment and production milestones, including progressive domestic value-addition requirements. The company’s revised timeline now provides a longer period over which it can qualify for the scheme’s incentives, subject to meeting the applicable production and other PLI conditions.
The company is also working to localise its battery supply chain, including cell technology, battery materials and material recovery. Its cell platform is being developed around indigenous R&D, increased localisation of materials, manufacturing-yield improvements and closed-loop recovery. With the revised PLI window extending through 2031, the immediate focus will be on converting its installed and planned manufacturing capacity into commercial-scale cell production while meeting the scheme’s eligibility requirements.
Ola Electric has recently strengthened its in-house battery manufacturing push, with Ola Cell Technologies securing BIS certification in June 2026 for its indigenously developed 46100 LFP cylindrical cell, making it the first Indian company to receive BIS certification for a locally developed cell in this format. In May, its 4680 Bharat Cell-powered S1 X+ 5.2 kWh scooter also received ICAT certification, clearing it for commercial deployment.
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