Ola to set up world s largest factory in Tamil Nadu: All you need to know - business news hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
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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.
All you should know about Ola’s largest factory in the world being set up in Tamil Nadu
India
Updated: Tuesday, December 15, 2020, 17:14 [IST]
Chennai, Dec 15: Ola said that it had signed an agreement with the Tamil Nadu government to set up its first electric scooter factory worth Rs 2,400 crore in the state.
A statement issued by the platform said, 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.
Ridesharing company Ola moves into manufacturing
15 Dec, 2020 04:26 AM
3 minutes to read
Brian Dewil, managing director of Ola New Zealand. Photo / Supplied
Ridesharing giant Ola is switching its focus to a new arm of the business - manufacturing mopeds. The India-based company has secured land in South India to build a factory which it says will have the ability to produce over two million electric mopeds for purchase each year.
Ola says its mopeds, which will not be for hire, will be priced between $4500 and $5500, with the first local delivery of scooters expected in April or May next year.
The Bangalore headquartered company expects to produce one million scooters in its first year of manufacturing.
Ola to set up world s largest scooter factory: Inks agreement to invest Rs 2,400 crore with Tamil Nadu financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.