Upon completion, Ola says the factory will create nearly 10,000 jobs and initially have an annual capacity of 2 million units.
Aiming to make India a manufacturing hub for electric vehicles, the mobility platform Ola on Monday signed an MoU (Memorandum of Understanding) with the government of Tamil Nadu for an investment of Rs 2.4 billion in the installation of its first factory in the state. Upon completion, Ola says the factory will create nearly 10,000 jobs and be the world’s largest scooter manufacturing facility, initially having an annual capacity of 2 million units.
In keeping with Prime Minister Narendra Modi’s vision for an AtmaNirbhar Bharat, Ola says the new factory will catalyze India’s reduction of dependence on imports in a key sector of the future such as electric vehicles, boost local manufacturing, create jobs. and it will also improve technical expertise in the country. .
“The factory will also galvanize India’s electric vehicle (EV) ecosystem and establish India as a key player in the EV manufacturing space,” the company said in a statement. Ola believes that India, with its unique skills, workforce and demographics, is well positioned to be a global hub for cutting-edge EV manufacturing.
The Ola factory will serve customers not only in India, but in markets around the world, including Europe, Asia, Latin America and more. The company is preparing to launch the first of its highly anticipated range of electric scooters in the coming months.
The new manufacturing plant aligns with Ola’s global vision of moving mobility towards a more “sustainable, accessible and connected” future. The factory will produce Ola’s next range of two-wheeled products, starting with the Ola electric scooter. This product has already won several prestigious design and innovation awards around the world, including the Marketing Innovation Award at CES and the German Design Award.
“It has many new features, including a beautiful, seamless design, a unique removable banana battery that is easy to transport and can be charged anywhere, as well as smart software that elevates the consumer experience of owning a scooter,” he adds. the notice. Ola plans to bring many of these design and software innovations to its entire two-wheeler product line as they come to market in the coming months.
Bhavish Aggarwal, Group President and CEO, Ola, said: “We are very pleased to announce our plans to establish the world’s largest scooter factory. This is an important milestone for Ola and a moment of pride for our country as we move rapidly towards realizing our vision of moving the world towards sustainable mobility solutions through 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 suit global markets. “
Excited to announce the world’s largest scooter factory in Tamil Nadu. With an investment of 2,400cr, it will create 10,000 jobs and showcase India’s ability to manufacture global products. I thank honorable @CMOTamilNadu for your vision and support. https://t.co/LELVrxGXln @OlaElectric pic.twitter.com/4pvfB23MlO
– Bhavish Aggarwal (@bhash) December 14, 2020
Earlier this year, Ola announced plans to hire more than 2,000 people for its electric vehicle business as it rapidly builds a suite of electric and smart urban mobility solutions for consumers around the world. The company also recently hired General Motors veteran José Pinheiro to lead its global manufacturing and operations.
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