Ola Electric Mobility Pvt. Ltd. plans to manufacture 10 million e-scooters annually
Ola Electric Mobility Pvt. Ltd. plans to manufacture 10 million e-scooters annually
Company is busy setting up what it calls ‘Future Factory’
Project comes up on 500 acres land in Krishnagiri district of Tamil Nadu
Ola plans to become the largest two-wheeler manufacturer in the world
Bengaluru-based company will start production in June
Plant is on 260 acres land and two supply parks on 240 acres
2 million e-scooters will be produced in first phase
They will be sold in India and abroad
Leading manufacturer Hero MotoCorp produces 6.5 million two-wheelers annually
22-25 million traditional two-wheelers are sold in India every year
Softbank-backed unicon Ola Electric was founded in 2017
It’s the electric vehicle division of transport platform Ola (ANI Technologies Pvt. Ltd)
Ola Electric’s move comes close on the heels of Tesla planning to enter India
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