URL copied
Image Source : FILE PHOTO
The facility will initially have an annual production capacity of 2 million units, a statement from the company read
Ride-sharing company Ola has entered into an agreement with the Tamil Nadu government and will be investing Rs 2,400 crore for setting up its first electric scooter factory in the state. The company says its factory will be the largest scooter manufacturing facility in the world that will create nearly 10,000 jobs.
The facility will initially have an annual capacity of 2 million units, a statement from the company read.
"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," it added.