Ola to invest Rs 2,400 cr for 'world's largest' e-scooter factory

Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units

Peerzada Abrar | Bengaluru
Last Updated at December 15, 2020 04:37 IST

Ola said it aims to increase the number of bike-partners by three times to over one million by next year

Ola's electric vehicles factory would pit it against two-wheeler makers Ather Energy, Hero Electric and TVS Motor Company.

Six months after it acquired the Dutch start-up Etergo B.V., Ola Electric has announced a Rs 2,400-crore ($320 million) investment plan to set up, what it calls, the ‘world’s largest’ electric scooter (e-scooter) manufacturing plant in Hosur, Tamil Nadu (TN).

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