Nitin Gadkari is right with his arguments, but the industry body is not convinced:
And the govt seems to listen to them more than any single individual:
As for PLI, I was looking if OLA had already received some financial benefit in FY24. Not able to find anything, except about recent certification wins. The ‘PLI Benefits’, if I remember correctly, are only to be received at FY end if manufacturing/exports targets are met. So what Aether would have meant is that Ola is PLI certified and they aren’t. If that’s not the case, would appreciate if someone helps in figuring how much Ola already got under PLI.
If not, then that clears the point that Ola’s comparatively better financials are not because of PLI or any other advantage that Aether doesn’t have.
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