- The company announced a Rs 2400 crore MoU with the Tamil Nadu government in December 2020 and rapidly completed land acquisition in January this year
- Ola’s mega-factory will have an initial capacity of 2 million units a year in phase 1
Ola has started construction of its two-wheeler mega-factory on its 500-acre site in Hosur, Tamil Nadu. It plans to to operationalise its Phase 1 in a few months with a capacity to roll out two million electric scooters a year.
The company announced a Rs 2400 crore MoU with the Tamil Nadu government in December 2020 and rapidly completed land acquisition in January this year.An estimated more than 10 million man-hours have been planned to bring the factory up in record time, with the first phase becoming operational in the coming months.
Initial capacity of 2 million units a year in phase 1
Ola’s mega-factory will have an initial capacity of 2 million units a year in phase 1 and will serve as the company’s global manufacturing hub for its range of electric-powered scooters and two-wheelers across India and India and international markets including Europe, UK, Latin America, Asia Pacific, Australia and New Zealand.
It is expected to create 10,000 jobs andincorporate Industry 4.0 principles, and will be powered by Ola’s own proprietary AI Engine and tech stack that will be deeply integrated into all its systems. Ola said that the factory is also expected to be the country’s most automated, with about 5,000 robots and automated guided vehicles in use once it is operational to its full capacity. The company has already brought on board global partners and suppliers as it works towards getting its factory operational in the coming months.
