Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Ola Electric plans to eventually have the capacity to produce 10 mn two-wheelers, 1 mn cars

Ola Electric has finalised its second phase of expansion, under which it will increase its plant capacity fourfold — from 1 million two-wheelers per annum to 4 million. This will also include motor­cycles, said a top executive of the company. It will also build a plant with a 5 Gwh of advanced chemistry cell battery storage capacity in the same super factory located on the outskirts of Bengaluru. That apart, it is planning to set up the initial phase of its passenger car manufacturing capacity, from where cars are expected to roll out in 2024.
 

While the details of the