App-based taxi service company Ola (OLA) will set up an e-Scooter Factory in Tamil Nadu to create employment opportunities for more than 10,000 people. The company said that the initial production capacity of this factory will be 2 million e-scooters annually.
Bangalore: Ola, an app-based taxi service company, will set up its first e-Scooter Factory in Tamil Nadu. The company said that it has tied up with Tamil Nadu Government about this. The company will spend Rs 2,400 crore on setting up the world’s largest e-scooter factory. The company claims that after the preparation of this factory, employment opportunities will be created for about 10,000 people. The company said that initially, its manufacturing capacity will be 20 lakh vehicles annually.
There will be less dependence on import of electric vehicles
It has been said from Ola that according to the view of Prime Minister Narendra Modi, this e-scooter manufacturing factory will be an important step towards a self-reliant India. This will reduce dependence on important areas of future such as import of electric vehicles. Also, it will encourage local manufacturing. At the same time, the technical expertise of the country will also help to improve. Ola said that through this unique skills, manpower and demographic, India will become a global hub for e-vehicles manufacturing.
The company will fulfill the demand of many countries including India
The company said that this factory will cater to the demand of India as well as Europe, Asia, Latin America and other countries. The company is preparing to offer its first series of e-scooters within a few months. The company said that the first e-scooter can be introduced in the market by January next year. In May this year, Ola Electric announced the acquisition of Amtergo BV based in Amsterdam. Then the company had targeted to introduce electric two-wheelers in the Indian market by 2021.
companies will compete with most of these e-scooters in 9 months
Ola aims to sell 1 million e-scooters in the first year. In the e-scooter market, Ola will compete against companies like Bajaj Auto, Hero MotoCorp-backed Ather Energy, Hero Electric, which already have electric two-wheelers in the Indian market.