one of the world’s leading mobility platforms, has signed the MoU with the
Tamil Nadu government for an investment of Rs 2,400 crore 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. The company
aims to make India a manufacturing hub for electric vehicles.
factory will also 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 company is gearing up to
launch the first of its range of highly anticipated electric scooters in the
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
new manufacturing plant aligns with Ola’s global vision to move mobility into a
more sustainable, accessible and connected future.
factory will produce Ola’s upcoming range of two wheeler products starting with
Ola’s electric scooter which has already won several prestigious design and
innovation awards around the world including Marketing Innovation award at CES
and the German Design Award. It features many firsts including a beautiful and
seamless design, unique 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. Ola 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.
this year Ola announced plans to hire over 2,000 people for its electric
business as it rapidly builds a suite of electric and smart urban mobility
solutions for consumers around the world. Recently, the company also roped in
General Motor Veteran Jose Pinheiro to head its global manufacturing and
is India’s largest mobility platform and one of the world’s largest
ride-hailing companies, serving 250+ cities across India, Australia, New
Zealand, and the UK including key global markets like London and Sydney. The
Ola app offers mobility solutions by connecting customers to drivers and a wide
range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs,
enabling convenience and transparency for hundreds of millions of consumers and
over 2.5 million driver-partners.
core mobility offering in India is supplemented by its electric-vehicle arm,
Ola Electric and Ola Fleet Technologies, India’s largest fleet management
business. Ola also extends its consumer offerings like micro-insurance and
credit led payments through Ola Financial Services and a range of owned food
brands with India’s largest network of cloud kitchens through Ola Foods. With
strategic acquisitions like Ridlr, India’s largest public transportation
platform and Amsterdam-based Electric two-wheeler OEM- Etergo BV, Ola is
building mobility solutions for the future.
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