Ola doubles down on OEM play with electric two-wheeler factory in Tamil Nadu
Shortpedia
Content Team
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Bengaluru-based cab-hailing unicorn Ola has signed a memorandum of understanding (MoU) with the Tamil Nadu state government to set up a manufacturing hub for electric two-wheelers in the state, said to be the world’s largest scooter factory. The company which has refocussed its recent efforts around becoming an automobile manufacturer claims that factory would generate investment of around INR 2,400 Cr from the EV ecosystem in the state.
