Ola Electric delays cell plant expansion, scales down capacity target to 5 GWh
- Posted on July 14, 2025
- By Financial Express
- 1 Views
Ola Electric delays cell plant expansion, scales down capacity target to 5 GWh
Ola Electric delays cell plant expansion, scales down capacity target to 5 GWh by FY29 amid slower EV market growth. The move may attract penalties under the ₹18,100-cr PLI scheme. Company plans full 5 GWh rollout by FY26, citing savings over imports and ongoing talks to revise scheme timelines.
