Ola to build Rs 2,400-crore EV manufacturing facility with Siemens

To set up global AI-powered facility in Tamil Nadu, according to a prior deal

Ola on Wednesday said it had tied up with Siemens to build its upcoming electric vehicles (EV) manufacturing facility in Tamil Nadu. The announcement comes after the mobility firm announced a Rs 2,400-crore deal with the Tamil Nadu government last month to set up its first factory in the state.

The manufacturing factory will generate almost 10,000 jobs and have an initial capacity of 2 million units a year, Ola said in a statement. 

It will serve as Ola’s global manufacturing hub, catering to its customers in India as well as key markets across Europe, the UK, Latin America as well as