Mobility firm Ola said that its electric two-wheeler facility coming up in Krishnagiri, Tamil nadu will have an annual capacity to produce 10 million scooters, which is about 15% of the total production of e-two-wheelers in the world.
“Our objective is to be a world-leading sustainable mobility company,” said Bhala Aggarwal, chairman and group CEO, Ola.
“We are building the world's largest e-two-wheeler plant, the Ola Future Factory, with a 10 million annual capacity, which will cover about 15% of the world's two-wheeler manufacturing.”
Mr. Aggarwal said that his company felt that through many EV pilots, there was a need to manufacture globally for better cost efficiency, quality and control of delivery.
“Our unit is coming up on a 500-acre site and will be ready by next year, while the first phase will be operational this summer,” he said.
“We are making important components like batteries and motors in-house, and we will also cooperate in setting up our top suppliers on our site,” he said. ”
There will also be a test track in the factory premises.