EV-maker Ola Electric has received revised timelines for its advanced chemistry cell (ACC) production-linked incentive (PLI) scheme from the Ministry of Heavy Industries (MHI), effectively extending the original timelines by two years. The revised timeline gives Ola Electric a full five-year PLI window through CY2031 for its 20 GWh allocation and unlocks up to ₹7,240 crore in cumulative PLI incentives. The development comes after Ola Electric reversed a ₹57-crore provision in the June quarter that had been made towards a potential default under the government’s ACC PLI scheme. Ola Electric currently has 2.5 GWh of installed cell-manufacturing capacity, with a further 3.5 GWh under installation. Bhavish Aggarwal, Chairman and Managing Director, Ola Electric, said: “The revised timeline is more than an extension.