App-based car service company Ola is going to build a factory to manufacture electric scooters. The company plans to invest Rs 2,400 crore in the proposed plant in Tamil Nadu. Ola claims that the factory to manufacture this electric scooter is going to be the largest in the world.
The goal of the Indian company, which invests in Softbank, is to make India a hub for electric vehicles. Ola has already signed an agreement with the Tamil Nadu government to set up the factory. When completed, the factory will have about 10,000 jobs and will be considered the largest scooter manufacturing center in the world. The factory will have the capacity to make 2 million electric scooters a year, the company said.
Ola’s electric scooter will directly compete with other two-wheeler manufacturers such as Ather Energy, Hero Electric and TVS Motor Company. Ola’s initiative is part of Prime Minister Narendra Modi’s campaign to create a ‘self-reliant India’. As a result, the country’s import dependence will be greatly reduced in terms of electric vehicles coming to the forefront in the future. In addition, Ola’s factory will help increase production at local factories, create new jobs and develop technical skills.
Ola believes that India will have a large number of skilled workers and status catalysts to drive India into the field of electric vehicles. Ola’s factory will cater to buyers demand not only in India but also in Europe, Asia and South America. Ola will launch there much awaited electric scooter in the next few months.
Incidentally, Ola’s electric scooters have already been awarded for design and innovation in various parts of the world. Earlier this year, Amsterdam-based electric scooter manufacturer Etergo BV acquired Ola’s electric vehicle manufacturer, Ola Electric Mobility (Ola Electric). The company plans to hire 2,000 people in its electric car business this year. Ola recently appointed former General Motors chief Jose Pinheiro to head its international production and management division to expand its dominance.