AUTO
Ola Electric Secures ₹96 Cr Production Linked Incentive For FY27
Leading electric vehicle manufacturer Ola Electric has received a sanction order from the Ministry of Heavy Industries for the release of ₹95.81 crore in incentives under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme). The sanction pertains to the demand incentive under the PLI-Auto Scheme for FY27 and authorises the payment […]
CW Bureau
·
Aug 29, 2026
AUTO
Ola Electric Gets ₹7,240-Cr PLI Boost, Cell Manufacturing Runway Till 2031
Ola Electric Mobility Ltd has secured a revised five-year production-linked incentive (PLI) window through CY2031 for its 20 GWh advanced chemistry cell (ACC) allocation, potentially unlocking cumulative incentives of up to ₹7,240 crore as it scales up domestic cell manufacturing. The Ministry of Heavy Industries (MHI) has approved revised timelines for Ola Cell Technologies Pvt […]
CW Bureau
·
Aug 12, 2026
AUTO
K M Balaji Elevated To Ashok Leyland Board As New Whole-Time Director
The board of directors of commercial vehicle major Ashok Leyland has appointed K M Balaji as Whole-Time Director for a period of two years with effect from May 28, 2026. Balaji currently serves as the President, Finance & Chief Financial Officer of the company and brings with him more than three decades of experience within […]
CW Bureau
·
May 28, 2026
GENERAL
India Opens Global Bidding For Rare Earth Magnet Manufacturing Plants
The ministry of heavy industries has invited global bids for setting up integrated sintered rare earth permanent magnet (REPM) manufacturing facilities in India, marking a major step towards strengthening the country’s advanced manufacturing ecosystem. The request for proposal (RFP), released on March 20, 2026, seeks to identify beneficiaries to establish a total capacity of 6,000 […]
CW Bureau
·
Mar 21, 2026
