In India, Ola is setting up its first production plant. Ola has signed an agreement with the government of Tamil Nadu and will invest Rs 2,400 crore to set up the first electric scooter factory in the state. The company claims its plant will be the world’s largest scooter production facility, creating nearly 10,000 jobs.
“In line with Prime Minister Narendra Modi’s vision, Ola’s factory is an important step in making an Atmanirbhar Bharat. It will catalyse reduction of India’s import dependence in a key future sector like electric vehicles, boost local manufacturing, create jobs as well as improve the technical expertise in the country,” a statement issued by the ride-hailing platform read.
Ola said India is well suited to be a global hub for cutting-edge electric vehicle manufacturing with its unique expertise, manpower and demography (EVs).
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.”
With Ola’s Etergo AppScooter, which was acquired earlier, the Tamil Nadu plant will begin production. AppScooter features a battery that is removable and easy to port and charge anywhere. This could be a big step in helping to develop itself in a bigger way in the electric two wheeler market.