Ola to set up world’s largest scooter factory in TN, invests Rs 2,400 Cr

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

bauma CONEXPO INDIA cancelled for 2021

bauma CONEXPO INDIA cancelled for 2021bauma CONEXPO INDIA, the international trade fair for construction machinery, building material machines, mining...

APAR’s 6-decades of service in supporting ‘Aatmanirbhar Bharat’

APAR’s 6-decades of service in supporting ‘Aatmanirbhar Bharat’ As India commemorates 75 years of Independence with a grand celebration of...

Optiemus Electronics inks partnership with Taiwan’s Wistron for electronics manufacturing

Optiemus Electronics inks partnership with Taiwan’s Wistron for electronics manufacturingIn a major milestone towards building an Atmanirbhar Bharat by making India...

Ola, one of the world’s leading mobility platforms, 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 said in a statement.

It said, “In line with Prime Minister Narendra Modi’s vision, Ola’s factory is an important step in making an Atmanirbhar Bharat. It will 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, “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 global markets.”

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 coming months.

Earlier 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 operations.


Please enter your comment!
Please enter your name here

- Advertisement -
portfolio final

Tech Talks


Energy is Changing | Batterywali Dr. Rashi Gupta

Energy is Changing | Batterywali Dr. Rashi Gupta Dr. Rashi Gupta, Founder & MD of Vision Mechatronics, popularly known as...
- Advertisement -
portfolio final

More Stories on mojo4industry