- The factory will cater to customers not only in India but in markets around the world including Europe, Asia, Latin America, and more
- Recently, Ola had appointed former General Motors executive Jose Pinheiro as head of global manufacturing and operations for its electric business
Ola has signed the MoU with the Tamil Nadu government for an investment of Rs 2,400 crores in setting up is first EV manufacturing factory in the state. Upon completion, the factory will create almost 10,000 jobs and initially have an annual capacity of two million units.
It said that the factory will cater to customers not only in India but in markets around the world including Europe, Asia, Latin America, and more. It is gearing up to launch the first of its range of electric scooters in the coming months.
Bhavish Aggarwal, Chairman and Group CEO, Ola, said, ‘‘We are excited to announce our plans to set up the world’s largest scooter factory. This is a significant milestone for Ola and a proud moment for our country as we rapidly progress towards realising our vision of moving the world to sustainable mobility solutions across shared and owned mobility. This will be one of the most advanced manufacturing facilities in the world. This factory will showcase India’s skill and talent to produce world class products that will cater to global markets.”
Starting with Ola’s electric scooter
The factory will produce Ola’s upcoming range of two wheeler products starting with Ola’s electric scooter. The company said that it comes removable banana battery that is easy to carry and can be charged anywhere as well as intelligent software that elevates the entire consumer experience of owning a scooter. It added that it plans to bring many such design and software innovations to its entire product line of two wheelers as they come to market in the coming months
Recently, Ola had appointed former General Motors executive Jose Pinheiro as head of global manufacturing and operations for its electric business. A statement said that in this role, Pinheiro will spearhead Ola’s ambitions to build world-class manufacturing facilities.
