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Ola To Build World's Largest Scooter Factory In India

Dec 14, 2020 20:34 IST

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 Rs. 2,400 crore to set up what it claims will be the world's largest scooter manufacturing facility. Upon completion, the factory will create nearly 10,000 jobs, and will initially have an annual capacity of 2 million units. At present, the company is gearing up to launch its range of electric scooters in the coming months. Ola acquired Amsterdam-based Etergo earlier this year that fast-tracked the company’s electric scooter project. The Tamil Nadu plant will not only cater to the Indian market but will also export scooters to Europe, Asia, Latin America among others. The company recently confirmed it will introduce the scooters in New Zealand.

National