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Highlights
Upon completion, the factory will create almost 10,000 jobs
Ola aims to initially have an annual capacity of 2 million units
App-based mobility service provider, Ola, has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to set up its first factory in the state, to build two-wheelers. The company has announced an investment of ₹ 2,400 crore to set up what it claims will be the world s largest scooter manufacturing facility. Upon completion, the factory will create almost 10,000 jobs, and it will initially have an annual capacity of 2 million units. Right now, the company is gearing up to launch the first of its range of highly anticipated electric scooters in the coming months.