Ola announces world's largest scooter factory in Tamil Nadu
India TodayWith an aim to make India a manufacturing hub for electric vehicles, Ola 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. 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. Ola says the new factory will catalyze the 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.