Ola has partnered with Siemens in order to rapidly build its electric vehicle (EV) manufacturing facility in Tamil Nadu.
Ola has signed a memorandum of understanding (MoU) with the Tamil Nadu government to invest nearly Rs 2,400 crore for building the EV plant.
Ola said that the EV factory, which will generate almost 10,000 jobs with an initial capacity of two million units a year, will be the largest scooter manufacturing facility in the world.
It will serve as Ola’s global manufacturing hub catering to its customers in India as well as key markets across Europe, UK, Latin America and ANZ (Australia and New Zealand).
“This will be our global hub and will set a benchmark in quality, scale and efficiency, demonstrating India’s capability to build world class cutting edge products. We look forward to bringing this factory online in the coming months and putting our products in the hands of customers,” Bhavish Aggarwal, chairman and group CEO of Ola, said.
Ola will deploy almost 5,000 robots across various functions at the factory.
Ola will have access to Siemens’ integrated Digital Twin design and manufacturing solutions to digitalise and validate product and production ahead of actual operations.