Ola Plans To Set Up 'World’s Largest Scooter Factory' In Tamil Nadu | Know All About The Plant

Ola in an official notice said that it has signed the MoU with the Tamil Nadu government for an investment of 2,400 crores in setting up its first factory in the state.

(Representative Image/ Getty)

Ride-hailing major Ola has announced to set up its first electric vehicle (EV) manufacturing plant in Tamil Nadu. A leading mobility platform in India, Ola in an official notice said that it has signed the MoU with the Tamil Nadu government for an investment of 2,400 crores in setting up its first factory in the state. Upon completion, the factory will create almost 10,000 jobs and will be the world’s largest scooter manufacturing facility, which will initially have an annual capacity of 2 million units. As per the statement given by the firm, Ola's factory is in line with Prime Minister Narendra Modi’s vision to catalyze 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. Bhavish Aggarwal, Chairman and Group CEO, Ola, said "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." Here is all you need to know about the Ola's factory:

• Upon completion, the factory will create almost 10,000 jobs and will be the world’s largest scooter manufacturing facility, which will initially have an annual capacity of 2 million units.
• The factory will galvanize India’s electric vehicle (EV) ecosystem and establish India as a key player in the EV manufacturing space.
• Ola’s factory will cater to customers not only in India but in markets around the world including Europe, Asia, Latin America, and more.
• The factory will produce Ola’s upcoming range of two wheeler products starting with Ola’s electric scooter.