The leading company Ola on Monday is to establish the world's largest scooter factory with an annual capacity of two million units. The company has announced that it has signed a Memorandum of Understanding (MoU) with the state government in Tamil Nadu to establish what would be the world's largest scooter.
Ola said that this factory will be built at a cost of ₹2,400 crore, the factory will help create around 10,000 jobs. Considering local as well as global demand, Ola says the factory will not only help create jobs but will improve the level of technical expertise in India while focusing on local manufacturing, especially in the field of electric mobility.
The company said that the units manufactured in Tamil Nadu factory will also be shipped to European, Asian and Latin American markets and Ola expects the plant to become a major hub for the manufacturing of EVs. The company is also planning to launch its first electric scooter in the upcoming months. The plant in Tamil Nadu will help realize its dreams of having a more comprehensive product portfolio.
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