Ola announces plans to set up world’s largest scooter factory in Tamil Nadu

Ola is one of the world’s leading mobility platforms. The company today signed the MoU with the Tamil Nadu government for an investment of 2,400 crores in setting up its first factory in the state. It, thus, aims to make India a manufacturing hub for electric vehicles. Upon completion, the factory will create almost 10,000 jobs. It will also be the world’s largest scooter manufacturing facility, with an initial annual capacity of 2 million units.

The company states that this move is in line with PM Modi’s vision of AtmaNirbhar Bharat. It will catalyze the reduction of India’s import dependence in a key future sector like electric vehicles. Further, it will boost local manufacturing, create jobs as well as improve the technical expertise in the country. The factory also galvanizes India’s electric vehicle (EV) ecosystem. It establishes India as a key player in the EV manufacturing space. Ola believes that India with its unique skill-sets, manpower and demography will become a global hub for the cutting edge manufacturing of EVs.

Ola’s factory will cater to customers not only in India but also in markets around the world. These include Europe, Asia, Latin America, and more. The company has geared up to launch the first of its range of highly anticipated electric scooters in the coming months.

From the company

Bhavish Aggarwal, Chairman and Group CEO, Ola, stated his excitement al the launch of the world’s largest scooter factory. He said, "This is a significant milestone for Ola and a proud moment for our country. 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."

The new manufacturing plant aligns with Ola’s global vision to move mobility into a more sustainable, accessible and connected future. The factory will produce the upcoming range of two-wheeler products starting with the electric scooter.

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.