Ola on Monday reported that it has signed a Memorandum of Understanding (MoU) with the state government in Tamil Nadu to set up what might be the world’s biggest scooter factory with an annual capacity of 2,000,000 units. To be worked at an expense of ₹2,400 crore, the manufacturing plant will help make around 10,000 jobs.
So as to take into account nearby just as global demand, Ola says the processing plant won’t just assistance make jobs however will improve the level of technical expertise in India while focusing on local manufacturing, particularly in the field of electric mobility. Units produced here will likewise be shipped to European, Asian and Latin American markets and Ola anticipates that the plant should become a major hub for the assembling of EVs.
Ola is gearing up to launch its first electric scooter in the forthcoming months – sources state as right on time as January – and the plant in Tamil Nadu will help understand its fantasies about having a more complete product portfolio. “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,” said Bhavish Aggarwal, Chairman and Group CEO, Ola.
The factory will create Ola’s upcoming range of two wheeler products beginning with Ola’s electric scooter. Recently Ola declared plans to enlist more than 2,000 individuals for its electric business as it quickly constructs a set-up of electric and smart urban mobility solutions for buyers around the globe.
Talking at a CII occasion in November, Aggarwal had said there are four broad segments of vehicles, including huge commercial vehicles (buses and trucks), western-style four-wheelers, Asian and European style four-wheelers (little city vehicles), and two and three-wheelers. “Our ambition is to be the leader in electric mobility for the small vehicles and small city four-wheelers. And unlike Tesla or many of the American companies, which are building for their own audiences, we have to build for our audiences. India is the world’s largest two-wheeler market. Asia is 80-90% of the global two-wheeler market,” he had explained.
Prisha Sharma is most probably known as an author. Yet she is a housewife also. Writing is her passion. She writes news articles as well. She has the ability to realize the surrounding environment, observe it, and write articles related to that. She writes articles and published them on timesofchennai.com.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.